Moon Hyuk-soo, CEO of LG Innotek, Makes First Insider Stock Purchase... "Practicing Responsible Management"
Buy 300 Shares on the Market on the 11th
Moon Hyuk-soo, Vice President and CEO of LG Innotek, expressed his commitment to responsible management by purchasing company shares for the first time since his appointment as CEO in December last year.
According to the Financial Supervisory Service's electronic disclosure system on the 11th, Moon purchased 300 shares of LG Innotek on the open market at 171,000 KRW per share. The total amount was 51.03 million KRW.
As a result, Moon's holdings of LG Innotek shares increased to 1,500 shares. This is his first purchase of company shares in about 4 years and 8 months since March 2020.
An LG Innotek official stated, "This reflects his commitment to responsible management aimed at increasing stock value and his determination for the company's growth, both internally and externally."
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LG Innotek's stock price has been struggling recently. It rose to the 300,000 KRW range per share in July but has since declined, remaining in the 100,000 KRW range. During the trading session on this day, it dropped to as low as 166,200 KRW, marking a 52-week low.
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