"Responsible Management" Hwang Hyun-sik, CEO of LGU+, Purchases 25,000 Shares of Company Stock
[Asia Economy Reporter Joeslgina] Hwang Hyun-sik, CEO of LG Uplus, reaffirmed his commitment to responsible management by purchasing company shares.
LG Uplus announced on the 14th that CEO Hwang purchased 25,000 company shares on the market on the 12th. The total amount is 315 million KRW at 12,600 KRW per share.
Since 2009, CEO Hwang has purchased 20,800 company shares, and with this additional purchase of 25,000 shares, he now holds a total of 45,800 shares.
LG Uplus explained, "Following Hwang's official appointment as CEO last month, this move is to take the lead in practicing responsible management and to convey the CEO's commitment to the company's growth to the market."
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The stock price of LG Uplus rose 7.8% from 12,150 KRW on March 19, the day of CEO Hwang's appointment, to 13,100 KRW as of the 13th.
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