LG Display President Jeong Ho-young Acquires Additional 5,000 Shares of Company Stock

Jung Ho-young, President and CEO of LG Display

[Asia Economy Reporter Jeong Hyunjin] Jeong Ho-young, CEO of LG Display, has purchased an additional 5,000 shares of the company's stock this month alone. This comes about a year after he first bought 10,000 shares in August last year.

According to LG Display on the 23rd, CEO Jeong bought 5,000 shares through on-market purchases over two days, the 19th and 23rd. On the 19th, he purchased 3,000 shares at 20,450 KRW per share and 500 shares at 20,650 KRW per share, and on the 23rd, he acquired 1,500 shares at 20,900 KRW per share.

As a result, CEO Jeong's total holdings of LG Display shares increased from 10,000 to 15,000 shares. His average purchase price per share is 20,605 KRW, with a total expenditure of 103,025,000 KRW.

This is CEO Jeong's first stock purchase in over a year since August 4 of last year. After being appointed CEO of LG Display in September 2019, he made his first stock purchase 11 months later in August last year. Generally, executives buying company shares is interpreted as a demonstration of commitment to responsible management.

CEO Jeong's purchase of 5,000 shares this month is seen as a measure to support the stock price, which has recently declined. LG Display's stock price has dropped significantly from its yearly high in early April, when it was in the 24,000 KRW range, to around the 10,000 KRW level currently.

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