Samsung Electro-Mechanics Jang Deok-hyun Buys 350 Million KRW of Company Shares as Part of "Responsible Management"

[Asia Economy Reporter Lim Chunhan] Samsung Electro-Mechanics announced that President Jang Deok-hyun purchased 2,000 shares of the company's stock on the open market on the 4th. Based on Samsung Electro-Mechanics' closing price that day (173,000 KRW per share), the purchase amounts to approximately 346 million KRW.

A Samsung Electro-Mechanics official stated, "This stock purchase is part of President Jang's emphasis on responsible management and enhancing shareholder value since his appointment."

President Jang was appointed CEO of Samsung Electro-Mechanics in December last year. Holding a Ph.D. in Electronic Engineering from the University of Florida, USA, he is a semiconductor development expert who has served as head of the Solution Development Office in Samsung Electronics' Memory Division, head of the LSI Development Office in the System LSI Division, head of the SOC (System on Chip) Development Office, and leader of the Sensor Business Team.

In his New Year's address this year, President Jang stated, "The future of Samsung Electro-Mechanics is a company that continues to grow steadily with challenging goals and top-tier products," and added, "Let us become a world-class tech components company."

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