[Featured Stock] Incredible Buzz Rises on News of Major Shareholder Increasing Stake

Incredible Buzz is showing strong performance. This is interpreted as being influenced by news of CEO Im Sin-young's on-market purchases and stake expansion.

As of 2:13 PM on the 24th, Incredible Buzz is trading at 2,380 KRW, up 20.38% compared to the previous day.

According to the disclosure of shareholding changes the day before, CEO Im purchased approximately 180,000 shares on the market over two days, the 17th and 22nd. As a result, CEO Im's stake increased to 1.36%, and the combined stake of the largest shareholder Human Wellness and related parties expanded from 13.97% to 14.33%.

A company official stated, "Despite expectations for the new bio stimulator business, the stock price had declined, leading to an undervaluation of the company's value. Under this judgment, CEO Im Sin-young personally proceeded with the share purchase," adding, "To strengthen responsible management and enhance shareholder value, various measures including additional share purchases will be considered going forward."

Meanwhile, CEO Im Sin-young is the key figure who rapidly grew Motiva, a latecomer in the domestic breast implant market previously dominated by global major medical device companies, into the market's number one brand. Based on the successful business experience with Motiva, he is leading Incredible Buzz's bio stimulator business.