[Alpha Biz=(Chicago) Reporter Paul Lee] Daelim held a board meeting on the 28th and decided to buy 50 billion won worth of shares in DL, a consolidated subsidiary.

The purchase was made to realize responsible management as a major shareholder.

Daelim explained, "The recent decline in DL stock prices is based on the judgment that it is an abnormal situation, and the purpose is to protect shareholder interests through stock price stimulus."

Daelim plans to finalize its stake purchase by the end of this year.

DL shares hit 50,000 won per share in May this year, but closed at 36,850 won on the same day. Compared to the stock price of August last year (71,200 won), which was the highest in a year, it dropped by almost half.

 

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