Digital Daesung Executives Acquire Company Shares Worth 2 Billion Won, Call Current Valuation "Significantly Undervalued"

Executives at Digital Daesung, an educational content platform company, have been purchasing company shares in succession, clearly demonstrating their commitment to enhancing corporate value.

According to the Financial Supervisory Service's electronic disclosure system on April 21, CEO Kim Hee-sun recently acquired an additional 12,616 shares of company stock in the open market. Kim previously purchased 40,288 shares in January, bringing the cumulative total to 52,904 shares, amounting to approximately 408.77 million won to date.

Separately, Vice Chairman Kim In-kyu and Vice President Lee Dong-gu have also been consistently buying company shares since the end of December last year. Including these executives, the total volume acquired has reached 187,580 shares, equivalent to approximately 1.54378 billion won based on the closing price of the previous day.

The company believes that the current stock price is undervalued, as it does not sufficiently reflect this year’s performance and the company’s long-term growth potential. Accordingly, the management’s continued purchase of company shares is described as a measure to directly convey this perception to the market.

Kim Hee-sun, CEO, stated, "The management’s purchase of company shares is based on the view that the current stock price is excessively low compared to the company’s intrinsic value," adding, "It is a move that demonstrates our commitment to stabilizing the stock price and enhancing shareholder value." Kim further emphasized, "This year, we will prove our ability to exceed market expectations not only through top-line growth but also by achieving even greater profit growth."

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