Samsung Electronics President Taemoon Noh Purchases Company Shares Worth 700 Million Won, Signaling Commitment to Responsible Management

Purchased 3,045 Company Shares at 230,000 Won Per Share

President Noh Now Holds a Total of 124,280 Company Shares

Taemoon Noh, President of the DX Division and CEO of Samsung Electronics, purchased company shares worth 700 million won.

Taeman Noh, President of the DX Division and CEO of Samsung Electronics

According to the Financial Supervisory Service’s electronic disclosure system on July 31, President Noh bought 3,045 shares of Samsung Electronics at 230,000 won per share the previous day. The total purchase amount is 700,350,000 won. As a result, his total holdings of company shares have increased to 124,280 shares.

This purchase of company shares is seen as a move intended to demonstrate his commitment to responsible management.

Even during 2024, when Samsung Electronics’ share price remained in the 50,000 to 60,000 won range, members of the company’s executive team repeatedly bought company shares to show responsible management and support the stock price.

After reaching an all-time high of 374,500 won during trading on June 19, Samsung Electronics’ share price fell to 207,000 won on the previous day as the KOSPI index dropped below the 6,000 level. On this day, however, the price closed at 262,500 won, influenced in part by a recovery in investor sentiment toward semiconductor stocks on the New York Stock Exchange overnight.

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