Naver said on the 11th that six C-level executives, including CEO Choi Soo-yeon, bought 700 million won worth of treasury shares in on-market purchases on the 9th.
Choi bought 786 shares of the company's stock worth 200 million won on the 9th. Chief Data Officer (CDO) Kim Kwang-hyun, Chief Operating Officer (COO) Kim Beom-joon, Chief Financial Officer (CFO) Kim Hee-cheul, Chief Risk Officer (CRO) Yoo Bong-seok, and Chief Human Resources Officer (CHRO) Hwang Soon-bae each bought 100 million won worth of Naver shares.
Since taking office, Choi has bought about 700 million won worth of treasury shares. Choi currently holds 11,874 shares.
At its fourth-quarter earnings announcement, Naver unveiled a new shareholder return policy that includes buying back and canceling treasury shares and paying cash dividends.
On the 1st, Naver said it reorganized its C-level leadership structure and plans to strengthen its response to the rapidly changing global environment, including AI agents, physical AI, and Web3, while also bolstering its social responsibility.