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| 조주완 LG전자 CEO (사진 = LG전자) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Cho Joo-wan, CEO of LG Electronics, bought a large number of its shares ahead of its first-quarter earnings announcement next month.
Marking his second year in office, he seems to have expressed his strong will to enhance corporate value and shareholder value while practicing responsible management.
According to the Financial Supervisory Service's electronic disclosure system on the 30th, President Cho Joo-wan bought 2,000 common shares in the market on the 29th based on the payment date. The unit price per share is 113,600 won, and the total purchase amount is 227.2 million won.
As a result, Cho's treasury shares have increased to a total of 4,373 shares, including his existing 2,373 shares.
Cho bought an additional 550 and 590 shares in 2017 and 2018, respectively, when he was a North American representative, after acquiring 372 shares of his own company in 2011 when he was serving as head of the Australian subsidiary. It also bought 861 shares in the market in 2019.
In particular, the purchase is meaningful as it came at a time when stock prices rose more than 30% from the beginning of the year.
Shares of LG Electronics, which stood at 86,400 won at the closing price on Jan. 2, have been on a steady rise and have recently remained in the 110,000 won range.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
