As Samsung Electronics' stock price experiences significant fluctuations, CEO Noh Tae-moon has purchased company shares worth 7 billion won.
According to Yonhap News on July 31, Noh acquired 3,045 shares at 230,000 won each, totaling 703.5 million won. This brings his total holdings of company shares to 124,280.
This share buyback is seen as a demonstration of responsible management.
In 2024, when Samsung's stock was trading in the 50,000 to 60,000 won range, the company's executives also engaged in share buybacks to support the stock price and demonstrate accountability.
Samsung's stock reached an all-time high of 374,500 won on June 19 but fell to 207,000 won recently as the KOSPI index dropped below 6,000. However, it closed at 262,500 won, buoyed by a recovery in investor sentiment for semiconductor stocks on the New York Stock Exchange.
* This article has been translated by AI.
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