Lee Gyubok, CEO of Hyundai Glovis, Purchases 1,000 Shares of Company Stock

Lee Gyubok (photo), CEO of Hyundai Glovis, has purchased an additional 1,000 shares of the company's stock.

According to a disclosure submitted by CEO Lee to the Financial Supervisory Service on the 19th, he bought 1,000 shares at around 184,000 KRW per share on the 13th. He spent approximately 180 million KRW. He had held 2,000 shares until March last year, and with this additional purchase, his holdings increased to 3,000 shares. Previously, he bought 1,000 shares in January last year and an additional 1,000 shares in March.

Lee Gyubok, CEO of Hyundai Glovis [Photo by Hyundai Motor Group]

CEO Lee, originally from Hyundai Motor Company, was promoted in the Hyundai Motor Group personnel reshuffle around the end of 2022 and took over as CEO of Hyundai Glovis. He was officially appointed as CEO at last year's regular shareholders' meeting. He has served as head of Hyundai Motor's European sales subsidiary and as Chief Financial Officer (CFO) of the North American production subsidiary. Internally, he is regarded as a strategic planning expert who established a foundation for responsible management by overseas regions.

The market views this as a sign of his intention to boost the stock price. A Hyundai Glovis official said, "It appears to be a declaration to the market of the company's commitment to enhancing corporate value."

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