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Samsung executives purchase firm's shares to demonstrate devotion

All News 13:56 January 05, 2018

SEOUL, Jan. 5 (Yonhap) -- Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant.

Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electronics and mobile business, respectively, purchased 1,095 units and 1,000 units of Samsung Electronics shares, the company said through a regulatory filing.

Samsung Electronics Chief Financial Officer Roh Hee-chan bought 200 shares.

Industry watchers said the move can be considered as a gesture toward shareholders to show their determination as heads of Samsung's key business divisions.

President Kim Ki-nam, who heads the crucial chip business, said in a regulatory filing late last month that he had purchased 3,500 shares in the company.

Shares of Samsung Electronics traded at 2,597,000 won (US$2,447) on the main bourse as of 1:26 p.m., up 1.68 percent from the previous session.

Samsung executives purchase firm's shares to demonstrate devotion - 1

colin@yna.co.kr
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