SOOP Executives Purchase 300 Million Won in Company Shares to Strengthen Responsible Management

Co-CEOs Youngwoo Choi and Minwon Lee Each Acquire Shares Worth 100 Million Won
CTO and CFO Also Purchase Company Shares Worth 50 Million Won Each

SOOP's key executives have strengthened their commitment to responsible management and are working to enhance shareholder value by purchasing company shares with their own funds.

SOOP logo. Provided by SOOP

On June 4, SOOP announced that co-CEOs Youngwoo Choi and Minwon Lee, Chief Technology Officer (CTO) Donggeun Choi, and Chief Financial Officer (CFO) Byungho Lee have acquired SOOP stock through open market purchases. CEO Choi and CEO Lee each purchased approximately 100 million won worth of company shares, while CTO Donggeun Choi and CFO Byungho Lee each acquired about 50 million won worth.

SOOP stated that this share purchase was a decision aimed at strengthening responsible management and governance. The company explained that it intends to share the management team's confidence in SOOP's business competitiveness and long-term growth potential with the market, and to align the interests of management and shareholders in order to enhance corporate value. Moving forward, SOOP plans to implement key strategies such as advancing its platform services, strengthening collaboration with streamers and partner companies, expanding its global user base, and optimizing its revenue structure.

A SOOP representative commented, "The management's purchase of company shares is a decision based on confidence in the company's long-term growth prospects and current corporate value," adding, "We will continue to strengthen regular IR activities and communication with shareholders through responsible management."

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