According to Newsis, KT&G CEO Bang Kyung-Man has shown a strong willingness to operate responsibly and increase shareholder value by purchasing company shares worth 300 million Korean won (approximately 220,000 US dollars).
According to the Financial Supervisory Service on the 9th, Bang Kyung-Man purchased 3,270 shares of the company in the market on the 8th at a price of 91,336 Korean won (approximately $67) per share. He was appointed as the representative chairman of KT&G Corporation after the regular shareholders' meeting on the 28th of last month.
At that time, Bang Kyung-Man was elected as CEO during the first centralized voting process adopted by KT&G company. Upon his appointment as CEO, he introduced the "T.O.P (Trust, Origin, Professional)" management strategy, with the aim of elevating the company to become a global top-tier enterprise. This strategy includes actively communicating information to enhance stakeholders' trust, enhancing original competitiveness to maintain a leading position, and strengthening global professional capabilities to achieve performance and growth.
Bang Kyung-Man emphasized the importance of considering the company's three core businesses (international tobacco, NGP, and health food) as a springboard for growth in order to elevate the company to a global top-tier status. He also highlighted the significance of enhancing the company's value by sharing the fruits of growth with shareholders and other stakeholders, in a bid to strengthen trust with them.
A spokesperson from KT&G explained that the CEO's recent stock purchase was done to align the interests of management and shareholders, accelerate the growth of the three core businesses, and demonstrate a responsible management intention. In the future, we will maximize company value based on the vision of becoming a top global enterprise, and focus on increasing shareholder value.
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