KakaoBank Executives Boost Stock, Purchase 50,685 Shares of Company Stock

[Asia Economy Reporter Bu Aeri] As KakaoBank's stock price fell to the 10,000 KRW per share range, KakaoBank has taken steps to boost its stock price.

KakaoBank announced on the 11th that 12 executives purchased a total of 50,685 shares of the company's stock over two days, on the 6th and 7th.

Among them, Chief Strategy Officer Kim Seok bought 10,000 shares on the 7th, along with Chief Research and Development Officer Ahn Hyuncheol (8,000 shares), Chief Human Resources Officer Shin Heecheol (6,000 shares), Chief Technology Officer Jeong Gyudon (5,330 shares), Compliance Officer Kwon Taehun (2,452 shares), Chief Information Security Officer Min Kyungpyo (3,000 shares), Chief Information Officer Shin Jaehong (2,700 shares), Chief Financial Officer Lee Cheol (1,290 shares), and Chief Service Officer Go Jeonghee (1,000 shares) who all purchased shares on the open market.

In July, Chief Business Officer Lee Hyungjoo, Head of Financial Consumer Protection Heo Jaeyoung, Head of Internal Audit Yoo Hobum, and Head of Risk Management Lee Jiwoon also purchased 33,685 shares of the company's stock.

The total number of shares recently purchased by KakaoBank executives amounts to 84,370 shares.

A KakaoBank official stated, "Executives voluntarily purchased company shares to boost the stock price and enhance shareholder value," adding, "This expresses confidence in the company's growth and a commitment to responsible management."

The company also said, "Based on solid performance, KakaoBank is preparing various new businesses such as individual entrepreneur banking and authentication services," and added, "We will consider various measures to enhance corporate value."

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