Seo Jang-won, the CEO of Coway, has purchased an additional 2,000 shares of Coway.
According to the Financial Supervisory Service's electronic disclosure system on the 14th, CEO Seo acquired 2,000 shares of Coway through on-market purchases over two days on the 7th and 10th.
The shares acquired on the 7th amounted to 1,593 shares, and the shares acquired on the 10th amounted to 407 shares. The average purchase price per share was 81,590 won on the 7th and 80,953 won on the 10th, with a total purchase amount of 162.92 million won.
With this stock purchase, the total number of Coway shares held by CEO Seo has reached 6,000 shares, accounting for about 0.01% of the total shares. This is the third time CEO Seo has engaged in a buyback since assuming office, having previously acquired 2,000 shares each in March and June 2023.
A Coway official noted, "CEO Seo's buyback of shares expresses confidence in the company's future growth and a proactive commitment to enhancing shareholder value," adding, "We will continue to strengthen responsible management and do our best to increase corporate value."
Meanwhile, Coway announced a corporate value enhancement (value-up) plan earlier this year, which includes increasing the total shareholder return rate from 20% to 40% through cash dividends and the complete cancellation of treasury shares.