Naver CEO Soo-yeon Choi and CFO Nam-seon Kim bought treasury stocks worth 200 million won and 100 million won, respectively. “Strengthening responsible management”
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-04-11 05:52:36
[Alpha Biz=(Chicago) Reporter Paul Lee] Naver announced on the 10th that CEO Choi Soo-yeon (CEO) and Chief Financial Officer (CFO) Kim Nam-sun purchased 1,026 and 519 Naver shares, respectively.
Stock purchases are about 200 million won and 100 million won, respectively. Earlier, Choi and CFO Kim purchased shares (314 shares) worth about 100 million won each shortly after they took office in March last year and proceeded with additional purchases.
"To mark the first anniversary of his inauguration, the CEO and CFO purchased their own shares to further strengthen the company's commitment to growth and responsible management," Naver explained.
"We will prove Naver's global competitiveness through steady growth of existing businesses and pioneering new markets despite uncertainties in global economic conditions," Choi said at a regular shareholders' meeting last month. "We will do our best to enhance shareholder value."
Naver's stock price is 193,000 won based on the closing price on the 10th. It is 37.5% lower than April 12 last year (308,500 won), a year ago.
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