Ants Cry Over '50,000 Samsung Electronics'... 'Samsung Sniper' Says "Swept Up Samsung Electronics"

"The desire for the company to do well remains unchanged"

Former Democratic Party lawmaker Park Yong-jin, nicknamed the "Samsung Sniper," revealed that he chose Samsung Electronics as his first-ever stock investment.

On the 17th, Park posted on his Instagram account, "Samsung Electronics stock has been declining recently, but I bought it," adding, "I invested a considerable amount of money in my first-ever stock purchase."

Park served as a member of the 20th and 21st National Assembly. At that time, his nickname was the "Samsung Sniper," as he attempted to pass the so-called "Samsung Life Insurance Act," which aimed to change the calculation standard for insurance companies' limits on holding bonds and stocks of affiliates to fair market value (market price).

Former Democratic Party lawmaker Park Yong-jin Photo by Yonhap News

However, the bill did not receive much attention in the political arena after its proposal and was eventually discarded in the 21st National Assembly. Moreover, Park, who had led the bill's passage, lost the Democratic Party nomination in the 22nd general election, effectively losing momentum for the initiative.

Park is well-known for pointing out issues related to the Samsung family's ownership structure and owner risks. Last year, he criticized Samsung Electronics Chairman Lee Jae-yong, urging him to "make cold-headed decisions based on accurate market analysis," and accused him of putting shareholders at risk due to overconfidence in management.

Regarding why Park chose Samsung as his first investment stock despite this background, he emphasized, "While everyone talks about Samsung's crisis, I want to show trust," adding, "My hope that a company leading the nation's strategic industries will do well remains the same as before."

He also stated, "I will continue to monitor and criticize any anti-business or antisocial behavior caused by Samsung Electronics' owners and top management," but added, "I will wholeheartedly support the continued success of Samsung Electronics, a Korean company, along with Samsung shareholders and employees."

Meanwhile, Samsung Electronics, the country's largest electronics and telecommunications manufacturer, has recently been struggling. This is due to falling behind competitors in developing high-bandwidth memory (HBM), a key memory component for next-generation artificial intelligence (AI) semiconductors.

Samsung is reportedly shifting its strategic focus from chasing the current generation HBM product, HBM3e, to securing the market for the next-generation product, HBM4. Earlier, at the 'Samsung Foundry Forum' held in July, Samsung announced a roadmap stating that it would apply new hybrid bonding technology to HBM4 to resolve issues related to electrical resistance and heat generation.