Kakao Pay Executives Purchase Stocks Worth 1.8 Billion KRW
[Asia Economy Reporter Bu Aeri] On the 21st, Kakao Pay executives purchased a total of 23,052 company shares.
The quantities purchased by Kakao Pay executives are as follows: Naho-yeol, Head of the Technology Council, bought 10,235 shares; Lee Ji-hong, Head of the Service Council, bought 10,000 shares; Jeon Hyun-sung, former Head of Management Support, bought 1,500 shares; and Lee Seung-hyo, CEO of Kakao Pay Securities, bought 1,317 shares, totaling approximately 1.8 billion KRW.
They plan to donate all profits gained from any future stock sales back to the company's growth and public interest. Specific usage plans will be determined through a trust restoration council involving outside directors and labor-management representatives.
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A Kakao Pay official stated, "Following CEO Shin Won-geun, the stock purchases and profit return commitments by four executives demonstrate their will for trust restoration and responsible management," adding, "It shows their belief that Kakao Pay's corporate value will grow beyond the current stock price."
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