Hotel Shilla said on the 26th that CEO Lee Boo-jin will buy company shares worth 20 billion won on the open market. The purchases are scheduled to proceed sequentially for about 30 days starting on the 27th of next month.

Lee Boo-jin, president of Hotel Shilla, moves after attending the Hotel Shilla shareholders' meeting held at the Samsung Electronics Jangchung headquarters in Jung-gu, Seoul, the morning of the 19th. /Courtesy of News1

Along with this, President Han In-gyu, who oversees operations, also bought company shares worth about 200 million won on the open market on the 23rd.

At the shareholders meeting on the 19th, Lee shared future strategies, saying the TR (duty-free) institutional sector will build a stable revenue base by improving the business structure, and the hotel division will establish a sustainable growth system based on brand competitiveness.

Hotel Shilla said, "The management's purchase of treasury shares shows a commitment to share price stability and enhancing shareholder value," and added, "We will continue to practice responsible management and work to increase shareholder trust."

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