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EOs of large corporations started to buy back their own shares as stock prices fell.

Business / 김지선 / 08/30/2023 04:10 AM
 

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] A large number of chief executive officers (CEOs) of conglomerates have begun to buy shares of their companies.

According to the Leaders Index of the Corporate Analysis Research Institute on the 29th, out of 469 CEOs of 354 companies that submitted their business reports in the first half of the year, 414 professional managers, excluding 55 owner CEOs, have 183, or 44.2% of the total.

Among the CEOs of the companies in question, the number of holders increased by 28 this year from 155 last year. The number of treasury shares they held rose 7.8% from 8,248,729 shares last year to 8,892,589 shares in the first half of this year.

The CEO, who has increased the largest number of treasury stocks in a year, is Kim Yong-beom, vice chairman of Meritz Financial Group. Vice Chairman Kim has 320,000 shares and a 0.15% stake. Vice Chairman Kim's shares in Meritz Financial Group rose from 40,000 shares in the first half of last year to 293,147 shares in March and bought an additional 26,853 shares this month.

Huh Tae-young, CEO of SD Biosensor, is the second largest increase in treasury stocks after Vice Chairman Kim. CEO Huh's treasury stock increased by 224,970 shares from 258,465 shares at the end of the first half of last year to 483,435 shares in the first half of this year, the report showed. Treasury shares nearly doubled, but shares fell from KRW 38,850 at the end of June last year to KRW 12,350 this year, nearly halving from KRW 100.4 billion to KRW 59.7 billion, the report showed.

Among the CEOs of major companies, the holding of treasury stocks by Kyung Joo-hyun, president of Samsung Electronics' DS division, has increased. In the first half of last year, it increased 3,000 shares to 21,050 shares in the first half of last year from 18,050 shares. Park Jung-ho, vice chairman of SK Hynix, also bought 4,091 shares this year from 18,023 shares that bought 15,933 shares in February last year, up to 22,114 shares. Jang Dong-hyun, vice chairman of SK, also held 6,873 shares of his own last year, but it increased to 9,934 shares when he bought 3,061 shares in February this year. SK Telecom CEO Yoo Young-sang will also own 11,974 shares, up 4,634 shares from last year.

At LG Group, Cho Joo-wan, CEO of LG Electronics, bought 2,000 and 1,000 shares in March and June this year, respectively, holding 5,373 shares, up 3,000 from last year. Kwon Young-soo, vice chairman of LG Energy Solutions, and Jeong Cheol-dong, CEO of LG Innotek, each held 2,000 shares, up 1,000 shares. Lee Jung-ae, president of LG Household & Health Care, also bought 500 shares worth 200 million won.

Kim Chang-han, CEO of Krafton, holds 548,455 shares of his own shares. EcoproBM CEO Choi Moon-ho 42.1 billion won, Celltrion Vice Chairman Ki Woo-sung 19.4 billion won, Meritz Financial Group Vice Chairman Kim Yong-beom 16.5 billion won, Celltrion Healthcare Vice Chairman Kim Hyung-ki 7.9 billion won, SD Bio Sensor CEO Huh Tae-young 5.9 billion won, Kakao CEO Hong Eun-taek 3.7 billion won and Samsung BioLogics CEO John Lim 3.6 billion won.

 

 

AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)

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