Cho Ju-wan, President of LG Electronics, Buys Company Shares...Increase in Share Value Due to Stock Price Rise

Acquired Additional 1,000 Shares Following 2,000 Shares in March
Holding 5,373 Shares... Strengthening Responsible Management
Share Price Rise Increases Value of March Acquired Treasury Shares by 45 Million Won+

Jo Joo-wan, President of LG Electronics, acquired 1,000 shares of the company's stock worth approximately 120 million KRW. Following the purchase of 2,000 shares for about 200 million KRW in March, this marks his second stock acquisition this year, reinforcing his commitment to responsible management.

As President Jo's stock purchases steadily increase and the stock price rises, the value of his holdings is also growing. The unrealized gains on the existing 4,373 shares, including the 2,000 shares acquired at the end of March, amount to approximately 169 million KRW.

Joo-Wan Cho, President of LG Electronics / Photo by LG Electronics

LG Electronics disclosed on the 15th that President Jo purchased 1,000 common shares on the market. The price per share was 123,500 KRW, making the total purchase amount 123.5 million KRW.

Previously, in March, President Jo bought 2,000 shares at 113,600 KRW per share on the market. The purchase amount was 207.2 million KRW. With this additional 1,000 shares, he has acquired a total of 3,000 shares this year.

President Jo previously held 4,373 shares of the company’s stock. With this latest purchase, his total holdings increased to 5,373 shares. Based on the closing price of 126,000 KRW on the day, the total value amounts to approximately 664.1 million KRW.

In the business community, executives often buy company shares as a form of responsible management. This also has the effect of enhancing corporate and shareholder value. President Jo has increased his holdings over the years by acquiring shares in 2011 (372 shares through employee stock ownership), 2017 (550 shares), 2018 (590 shares), and 2019 (861 shares).

The value of President Jo’s holdings is rising. Despite some fluctuations this year, the upward trend in LG Electronics’ stock price has contributed to this. For example, the 2,000 shares acquired on March 29 are now worth 252 million KRW based on the closing price that day. In less than three months, this represents an unrealized gain of 44.8 million KRW compared to the purchase price of 207.2 million KRW.

Applying the same calculation, unrealized gains were also recorded in 2011 (27.68 million KRW), 2017 (30.19 million KRW), 2018 (17.23 million KRW), and 2019 (49.08 million KRW). The total unrealized gains, including the shares acquired in March, amount to 168.99 million KRW.

In the securities industry, there are expectations that LG Electronics will increase its earnings this year through its core businesses such as automotive components (VS) and home appliances (H&A). There are also assessments that the stock price may rise further. If this happens, the value of President Jo’s holdings could increase even more.

According to the average forecast compiled by financial information provider FnGuide, LG Electronics’ second-quarter sales are expected to increase by 1.71% year-on-year to 19.796 trillion KRW, and operating profit is projected to rise by 21.54% to 963 billion KRW.

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