Hong Won-hak, CEO of Samsung Fire & Marine Insurance, Demonstrates Commitment to Responsible Management through Share Buyback
[Asia Economy Reporter Oh Hyung-gil] Hong Won-hak, CEO of Samsung Fire & Marine Insurance, demonstrated his commitment to responsible management by purchasing company shares.
On the 29th, Samsung Fire & Marine Insurance announced that CEO Hong purchased 1,500 common shares at 216,500 KRW per share on the open market. This is his second purchase of company shares, following the acquisition of 1,000 shares in February while serving as Vice President.
CEO Hong officially took office on the 23rd after approval from the Samsung Fire & Marine Insurance board of directors. This recent share purchase is interpreted as a move to strengthen responsible management and enhance shareholder value.
On the 24th, a management strategy meeting was held, where the determination to advance to the 'Next Level' for achieving a super-gap was reaffirmed.
Samsung Fire & Marine Insurance achieved a net profit of 1.0222 trillion KRW in the third quarter, a 62.5% increase compared to the same period last year.
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A Samsung Fire & Marine Insurance official stated, "Next year, we plan to maintain competitiveness in our core business while enhancing future value based on digital and overseas operations."
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