Vice Chairman Jeong Gi-seon Purchases HD Hyundai Shares Worth 4.3 Billion KRW

Jung Ki-sun, the third-generation owner and Vice Chairman of HD Hyundai, purchased HD Hyundai shares worth approximately 4.3 billion KRW over three days. This is interpreted as an effort to stabilize the stock price and strengthen control over the group.

HD Hyundai disclosed on the 7th that Vice Chairman Jung bought a total of 67,148 shares of HD Hyundai from April 29 to May 2 (excluding May 1, Labor Day). Based on the closing price, the total purchase amount is approximately 4.318 billion KRW.

With this stock purchase, Jung Ki-sun's stake in HD Hyundai increased by 0.09 percentage points to 5.35%.

An HD Hyundai official commented on Jung Ki-sun’s stock purchase, saying, "It reflects his commitment to responsible management amid unstable stock price trends," and added, "We understand that his determination is very firm."

Jeong Gi-seon, Vice Chairman of HD Hyundai [Photo by HD Hyundai]

Some interpret this as an attempt to strengthen control over the group.

The HD Hyundai stock price, which was around 70,000 KRW earlier this year, has recently been declining as the listing of HD Hyundai Marine Solutions is being actively pursued. In response, voices have emerged in the market urging measures to enhance shareholder value.

There is also speculation that Vice Chairman Jung may make additional stock purchases.

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