LG Uplus announced on the 29th that CEO Hwang Hyun-sik purchased 15,000 shares of the company's stock. The purchase price was 153 million KRW, with an average purchase price of 10,200 KRW per share.
Executive Director Yeo Myung-hee, who serves as an inside director as well as Chief Financial Officer (CFO) and Chief Risk Officer (CRO), bought 5,000 shares, while Kim Beom-soon, Executive Director and Head of the Legal Office, purchased 2,338 shares. Earlier, Kim Young-seop, CEO of competitor KT, also bought company shares worth approximately 197.69 million KRW on the 25th of this month, continuing the trend of telecom executives acquiring company stock.
A representative from LG Uplus stated, "This decision reflects a commitment to responsible management and enhancing shareholder value at a time when preparing for the future from a mid- to long-term perspective for sustainable growth is crucial."
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