VT GMP Chairman Kang Seung-gon Purchases 86,000 Shares on Market... "Commitment to Responsible Management"

[Asia Economy Reporter Jang Hyowon] Kang Seung-gon, chairman of VT GMP, a KOSDAQ-listed company, announced on the 15th that he acquired 86,238 shares through on-market purchases.

With this stock acquisition, the shareholding ratio of Chairman Kang Seung-gon and his special relations rose to 31.89%. Additionally, the affiliate Cube Enter acquired stocks worth 3 billion KRW, expanding the recent stock acquisition scale of Chairman Kang Seung-gon and affiliates in VT GMP to about 3.7 billion KRW.

The company stated, “Chairman Kang Seung-gon's stock acquisition was made as a sign of confidence in responsible management,” and added, “We will strengthen strategic partnerships with our affiliate Cube Enter and successfully establish not only existing businesses but also new businesses.”

VT GMP is currently gaining new growth engines through hydrogen power generation and lithium-sulfur battery businesses in addition to laminating and cosmetics businesses. After signing a business agreement with Korea Western Power, the company plans to secure a site for hydrogen fuel cell power generation in Gumi City, Gyeongsangbuk-do, and is proceeding with the project by forming a consortium with multiple companies, including the project execution agency KJ Green Energy.

Regarding the lithium-sulfur battery business, VT GMP signed a non-exclusive license agreement with the Korea Electrotechnology Research Institute and is rapidly establishing its position by signing joint business agreements with Edison Motors, Edison Tech, and the Korea Electric Vehicle Cooperative.

One of the representative businesses, the cosmetics division, is also continuing to perform well. It achieved first place in the comprehensive sales ranking on ‘Qoo10 Japan’ and secured the top position in the sheet mask category on Japan’s largest cosmetics review platform ‘@cosme,’ successfully expanding its influence in the Japanese market. Last month, it also obtained the European cosmetics certification (CPNP) and plans to sell to countries belonging to the European Union (EU).

VT GMP operates businesses in various fields such as cosmetics, laminating, batteries, and bio. The cosmetics business, the main business division, is actively selling in Japan, China, and other countries through the ‘VT Cosmetic’ brand. The laminating division, another major business, has also started the lithium-sulfur battery business to secure next-generation growth engines.

A VT GMP official said, “Chairman Kang Seung-gon’s acquisition of company shares demonstrates not only confidence in the company’s growth but also a commitment to responsible management and strengthening strategic partnerships,” adding, “While the cosmetics division is growing faster than last year, new businesses will also steadily establish their positions.”

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