Kakao Corp. (035720) CEO Jeong Shin-ah purchased approximately 100 million won ($70,000) worth of company shares, citing efforts to strengthen responsible management and enhance shareholder value.
According to information and communications technology industry sources on the 27th, Jeong acquired 1,789 Kakao shares between the 23rd and 24th. The total purchase price slightly exceeded 100 million won.
Kakao Chief Financial Officer Shin Jong-hwan also purchased 864 company shares during the same period.
Since expressing her commitment to responsible management and shareholder value enhancement in a May 2024 shareholder letter, Jeong has purchased company stock on 10 separate occasions, accumulating a total of 10,914 shares. Based on the closing price on the 27th, her holdings are valued at approximately 680 million won ($476,000).