Samsung Electronics CEO Spends 630 Million KRW to Increase Stake in Company Stock

Odaily Report: Amid a recent sharp decline in Samsung Electronics' share price following the U.S. midterm elections, Samsung Electronics co-CEO Roh Tae-moon purchased 3,000 shares of the company's stock. The purchase price was 210,000 KRW per share, totaling 630 million KRW. After the transaction was completed, Roh Tae-moon's holdings in Samsung Electronics increased from 124,280 shares to 127,280 shares. This stake increase is interpreted as a move to demonstrate his willingness for responsible management. (Yonhap)