Samsung Electronics Vice Chairman Han Jong-hee. (Photo=Samsung Electronics)

 

[Alpha Biz= Reporter Kim Sangjin] Han Jong-hee, Vice Chairman and Head of Samsung Electronics' Device Experience (DX) division, has made a significant purchase of company stock for the first time in 2.5 years.

According to the Financial Supervisory Service's electronic disclosure system, Han Jong-hee bought 10,000 Samsung shares on September 5 at a price of 73,900 won per share, totaling 739 million won. Given that transactions settle two trading days after execution, it is estimated that the purchase was made on September 3.

With this transaction, Han Jong-hee’s total holdings in Samsung Electronics have increased to 25,000 shares. Previously, Han bought 15,000 shares in March 2022.

This move is interpreted as a gesture of reinforcing responsible management, especially as Samsung's stock price has recently fallen to 60,000 won. After reaching 88,800 won in July, the stock price had decreased to 68,900 won by the end of the day.

Other Samsung executives have also been active in buying shares this year. In June, six executives, including Park Hak-kyu, Head of the Management Support Division, and Roh Tae-moon, Head of the Mobile Experience (MX) division, purchased a total of 15,490 shares for 1.15 billion won. Additionally, key executives in the Semiconductor division, including Vice Chairman Jeon Young-hyun and Presidents Lee Jeong-bae and Choi Si-young, have also purchased significant amounts of company stock.

 

 

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