When 'Taejo Yi Bang-won' Soars...Major Shareholders and Executives "Profited by Selling Treasury Shares"

[Asia Economy Reporter Lee Seon-ae] It has been confirmed that major shareholders and executives of the so-called 'Taejo-Ibangwon' (Solar Power, Shipbuilding, Secondary Batteries, Defense, Nuclear Power) stocks, whose prices have recently surged, have been selling their company shares one after another to realize profits. Generally, the market interprets stock sales by major shareholders or executives who are well aware of the company's management situation as a negative signal, and in many cases, the stock price declines after these insiders dispose of their shares.

According to the Financial Supervisory Service's electronic disclosure system on the 12th, Doosan Group's holding company Doosan partially sold its stake in Doosan Enerbility, where it is the largest shareholder, through a block deal (large-scale off-hours transaction) during the period when Doosan Enerbility's stock price surged. On the 31st of last month, Doosan disposed of 28.54 million common shares of Doosan Enerbility at 20,050 KRW per share through off-hours trading, securing a total of 572.2 billion KRW. The company explained that it sold the shares to secure cash liquidity and proactively respond to global economic uncertainties and financial market volatility. However, the stock price of Doosan Enerbility, which had sharply risen throughout August due to expectations of benefits from nuclear power policies, turned downward after Doosan's block deal.

The stock price, which rose to an intraday high of 23,050 KRW on August 26, gave back its gains and fell to 17,800 KRW intraday on the 8th. Prior to Doosan's block deal, Doosan Enerbility executives sold their company shares at prices close to the peak to realize profits. Executive Director Jin Jong-wook of the company sold 5,000 common shares at 20,200 KRW per share through on-market trading on the settlement date of the 12th of last month. The total sale amount was approximately 101 million KRW. Park Hong-wook, Vice President of Doosan Enerbility, also sold 3,300 company shares on the market on August 17. The disposal price was 20,800 KRW per share, totaling 68.64 million KRW.

Executives at Hanwha Solutions, the 'solar power leader,' also sold their company shares one after another. Executive Director Im Won-bae of Hanwha Solutions sold 5,328 common shares at 49,000 KRW per share on August 18. The total value of the shares he sold on the market was approximately 261.07 million KRW. Vice President Kwon Ki-young also sold 1,000 common shares of Hanwha Solutions on the market on the 30th of last month at 51,200 KRW per share. The total sale amount was 51.2 million KRW. Hanwha Solutions' stock price fluctuated in the low to mid-30,000 KRW range in mid-July, then rose vertically to surpass 50,000 KRW in late August, reaching 55,000 KRW intraday on the 8th.

Amid the strong trend of 'Taejo-Ibangwon,' the National Pension Service, which is the second-largest shareholder, also partially sold its stakes in defense stocks Hanwha Aerospace and Korea Aerospace Industries. The number of Hanwha Aerospace shares held by the National Pension Service decreased by 469,047 shares from 6,812,563 shares (13.46%) at the end of July to 6,343,506 shares (12.53%) at the end of August.

Throughout August, the National Pension Service steadily sold Hanwha Aerospace shares on the market. The disposal price ranged from a minimum of 53,933 KRW (August 1) to a maximum of 70,955 KRW (August 31). Additionally, the National Pension Service's holdings of Korea Aerospace Industries shares decreased by 257,472 shares to 9,814,056 shares (10.07%). The selling price of Korea Aerospace Industries shares by the National Pension Service in August ranged from a minimum of 55,017 KRW per share (August 1) to a maximum of 60,867 KRW per share (August 31).

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