Hancom CEO Kim Yeon-su Acquires Additional Shares... Stake Reaches 11.09%

[Asia Economy Reporter Kang Nahum] Hancom announced on the 21st that CEO Kim Yeonsu purchased 97,886 shares of treasury stock (1.5 billion KRW) on the open market to enhance shareholder value.

CEO Kim, who also purchased 204,645 shares on the open market in June and July, now holds a total of 302,531 shares including this recent acquisition.

Last year, CEO Kim acquired a 9.89% stake in Hancom through the special purpose company HCIH, and with the personal shares purchased this year, he now holds a total of 11.09% of the shares.

A Hancom official stated, "CEO Kim's continuous additional purchases of treasury stock are a testament to his confidence in Hancom's future growth," and added, "Since his appointment in August last year, he has sent the company's first shareholder letters every half year and emphasized enhancing shareholder value through management policies such as undertaking large-scale treasury stock purchases for the first time in seven years."

Meanwhile, Hancom plans to further specify its transformation into a cloud and artificial intelligence (AI) company, as revealed in the shareholder letter in the first half of the year, and aims to rapidly reorganize its business areas through active M&A.

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