Kim Yeonseop, CEO of Lotte Energy Materials, Buys Company Shares for 'Responsible Management'

Kim Yeonseop, CEO of Lotte Energy Materials, has taken responsibility management by purchasing company shares worth 100 million KRW.

On the 27th of last month, CEO Kim acquired a total of 2,500 company shares through on-market purchases. The average acquisition price was approximately 39,500 KRW per share.

CEO Kim decided to purchase company shares to strengthen responsible management as the CEO and actively express his intention to boost the stock price, as the secondary battery industry has recently slowed down and the stock prices of related material industries continue to decline.

CEO Kim stated, "Although the secondary battery industry is currently taking a brief pause and the materials industry is also temporarily slowing down, the outlook for the global electric vehicle market remains bright. Through acquiring company shares, I will further strengthen responsible management and work to restore shareholders' trust."

At the press conference held in July, Lotte Energy Materials projected that the demand for copper foil, currently at around 500,000 tons, will expand more than fourfold to approximately 2.2 million tons by 2030. The company announced four core growth strategies to secure market leadership: high-end super-gap technology, expansion of global bases, synergy with the Lotte Chemical Group, and development of next-generation battery materials.

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