SEOUL, Jan. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant.
Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electronics and mobile business, respectively, purchased 1,095 units and 1,000 units of Samsung Electronics shares, the company said through a regulatory filing.
Samsung Electronics Chief Financial Officer Roh Hee-chan bought 200 shares.
Industry watchers said the move can be considered as a gesture toward shareholders to show their determination as heads of Samsung’s key business divisions.
President Kim Ki-nam, who heads the crucial chip business, said in a regulatory filing late last month that he had purchased 3,500 shares in the company.
Shares of Samsung Electronics traded at 2,597,000 won (US$2,447) on the main bourse as of 1:26 p.m., up 1.68 percent from the previous session.