Samsung Electronics CEO No Tae-mun increased his holdings in the company's stock for 630 million KRW.
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According to Yonhap News Agency, data from the Financial Supervisory Service’s electronic disclosure system shows that Samsung Electronics’ CEO and Head of the DX Division, Noh Tae-moon, bought 3,000 of the company’s common shares on the local market that day, at an average price of 210,000 won per share, totaling around 630 million won. Following the purchase, his holdings rose from 124,280 shares to 127,280 shares. The report points out that the purchase came amid Samsung Electronics’ recent sharp stock price drop after the U.S. midterm elections, which is being interpreted as a sign of his commitment to responsible management. Noh previously bought about 3,045 shares at 230,000 won per share at the end of July. On the same day, Samsung Electronics’ stock closed 6.35% lower at 188,700 won.
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