Samsung Electronics executives buy back company stock one after another, aiming for share price of over 80,000 won in second half of the year (Korea)

According to the Financial Supervisory Service of Korea, Park Hak-kyu, president and head of management support at Samsung Electronics, sold 5,500 common shares of the company on the 3rd for 73,700 won (about 8,386 yen) per share.
As a result, President Park's holdings of common stock increased to 28,000 shares. On the same day, Roh Tae-moon, the company's MX division general manager and president, purchased 500 common shares of the company at 7.5% each.
In addition, Kim Dong-Wook, vice president of the finance and economics team, bought 2,000 shares on the 5th, and Samsung Research's Chung
Jaewook, vice president of the Global AI Center, bought 1,330 shares each. Six executives have bought company stock since the beginning of June, which is somewhat unusual.
The total amount of shares purchased is 15,490 shares, worth 1,149,080,000 won (approximately 169,640,000 yen). These moves by executives who are familiar with the company's business situation are expected to contribute to the management and stock price maintenance.
Samsung Electronics' stock price has not been able to break out of the 70,000 won (about 7,949 yen) range since the start of 2024.
However, along with these developments, expectations are growing for the delivery of high-bandwidth memory (HBM) to the US semiconductor giant Nvidia.
The company is also expected to aim for a 5.17% rise in its stock price to exceed 80,000 won (approximately 9,085 yen).