[Public Notice+] Taeung Logics CEO Hanjae Dong Acquires 170,000 Company Shares

[Asia Economy Reporter Jang Hyowon] Comprehensive logistics service company Taewoong Logics (CEO Han Jaedong) announced on the 24th that CEO Han Jaedong, the largest shareholder, purchased 177,500 shares of the company through on-market buying. CEO Han's total shares held increased to 6,305,000 shares, with a stake of 35.72%.

Taewoong Logics recently signed a trust contract with Mirae Asset Daewoo for the acquisition of treasury shares worth 2 billion KRW to stabilize stock prices and enhance shareholder value. The company explained that the CEO's recent stock purchase is also part of this effort.

Founded in 1996, Taewoong Logics is a comprehensive logistics service company, primarily engaged in international freight forwarding services such as multimodal transport, project transport, and CIS (Commonwealth of Independent States) transport. In December last year, it became the first independent third-party logistics company to be listed on the KOSDAQ market.

Taewoong Logics' consolidated performance last year showed sales of 286.073 billion KRW, operating profit of 14.98 billion KRW, and net profit of 9.561 billion KRW, demonstrating steady growth with sales increasing by 17.2%, operating profit by 28.1%, and net profit by 30.6% compared to the same period the previous year.

The company plans to create high added value through overseas business expansion, commencement of logistics warehouse operations, and ISO tank containers in the future.

This content was produced with the assistance of AI translation services.