KT CEO Koo Hyun-mo Purchases 100 Million Won of Company Shares to "Strengthen Responsible Management"

[Image source=Yonhap News]

[Asia Economy Reporter Koo Chae-eun] Koo Hyun-mo, the newly appointed CEO of KT (pictured), has purchased company shares worth approximately 100 million KRW to reinforce responsible management.

KT announced on the 26th through a public disclosure that the new CEO Koo acquired 5,234 shares worth about 100 million KRW through on-market purchases between the 20th and 24th. KT plans to hold its regular shareholders' meeting at the KT Research and Development Center in Seocho-gu, Seoul, on the 30th, where Koo is expected to be appointed as the representative director.

A KT official stated, "The new CEO Koo decided to purchase company shares because he judged that KT's stock price was undervalued compared to its fundamental strength," adding, "He will strengthen responsible management to enhance KT's corporate value."