Both Samsung C&T and Hyundai Construction CEOs Bought Company Shares... "Commitment to Responsible Management"

Hyundai E&C and Samsung C&T CEOs Make Consecutive Share Purchases
Seen as Responsible Management and Stock Price Support Strategy
GS E&C Owner Family CEO Holds the Largest Amount of Company Shares

In February, the CEOs of Hyundai Engineering & Construction and Samsung C&T consecutively purchased their company’s shares. Construction company leaders have joined the recent corporate trend of 'share buybacks.'

According to the Financial Supervisory Service’s electronic disclosure on the 12th, Oh Se-cheol, CEO of Samsung C&T’s construction division, acquired 2,000 shares of Samsung C&T on the 10th. The acquisition price was 118,350 KRW per share, with a total purchase amount of 236.7 million KRW. Oh’s holdings increased to 3,000 shares after previously buying 1,000 shares shortly after his appointment four years ago.

Earlier, on the 6th, Hyundai Engineering & Construction disclosed that CEO Lee Han-woo purchased 2,000 shares of the company. The total purchase amount was 60.2 million KRW. Lee’s shareholding increased from 201 shares to 2,201 shares.

Lee Han-woo, CEO of Hyundai Engineering & Construction (left in photo), Oh Se-chul, CEO of Samsung C&T Construction Division. Provided by each company

The consecutive share purchases by construction company CEOs are interpreted as a reflection of responsible management, confidence in future growth engines, and consideration for enhancing shareholder value. A Samsung C&T official stated, "As part of value-up efforts, Samsung Group executives have recently been buying a significant amount of company shares overall, and this seems to be part of that trend."

In the case of Samsung Electronics, another affiliate of Samsung Group, executives purchased shares worth 15.8 billion KRW last year. Moreover, regardless of industry, there is a growing atmosphere of corporate executives actively engaging in share buybacks to boost stock prices. A Hyundai Engineering & Construction official also explained that it is a similar context.

Meanwhile, among major listed construction companies, the CEO with the largest shareholding by value is at GS Engineering & Construction. Heo Yoon-hong, CEO and member of the GS Group owner family, holds 3,331,162 shares (3.89% stake), valued at approximately 57.9 billion KRW based on the closing price on the 11th. Kim Bo-hyun, CEO of Daewoo Engineering & Construction, holds 15,000 shares, and Park Sang-shin, CEO of DL E&C, holds 561 shares. None of the three purchased additional shares after their appointments. All three assumed their CEO positions last year.