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Lee Jae-yong, chairman of Samsung Electronics (photo=Samsung Group) |
[Alpha Biz= Reporter Kim Sangjin] Samsung Electronics executives, including Vice Chairman Jeon Young-hyun of the Device Solutions (DS) division, have begun purchasing additional shares of the company as stock prices continue to decline.
According to the Financial Supervisory Service's electronic disclosure system on the 27th, Vice Chairman Jeon acquired 5,000 shares at 62,700 KRW each on the 25th, totaling approximately 313.5 million KRW. Following this purchase, his total shareholding increased to 17,000 shares.
Lee Jung-bae, President of Samsung's Memory Division, also bought 3,000 shares on the same day, raising his total to 21,800 shares. Choi Si-young, President of the Foundry Division, purchased 2,000 shares as well.
Other executives joining the stock purchase trend include Nam Seok-woo (2,000 shares), Song Jae-hyuk (2,000 shares), Kim Hong-kyung (3,000 shares), Choi Wan-woo (2,000 shares), Yoon Tae-yang (700 shares), and Yoon Joo-han (400 shares). President Choi Kyung-sik made a significant investment, acquiring 10,000 shares worth 628 million KRW at a price of 62,800 KRW per share.
In total, Samsung Electronics executives purchased approximately 1.9 billion KRW worth of company shares on the 25th alone.
This month, Samsung Electronics executives have been actively buying back shares, likely in response to the company's share price weakness, despite a recovery in the semiconductor market.
On the same day, Samsung Electronics shares closed at 64,200 KRW, down 0.77% from the previous trading session.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
