| Kakao Bank Pangyo Office (provided by Kakao Bank) © News 1 |
Kakao Bank’s key executives purchased 11,400 Kakao Bank stocks on the stock exchange to enhance shareholder value.
According to the Electronic Disclosure System of the Financial Supervisory Service on the 7th, Heo Jae-young, head of financial consumer protection at Kakao Bank, purchased 3,400 Kakao Bank stocks on the stock exchange. Hyeon-cheol Ahn, chief research and development officer, and Ji-woon Lee, head of risk management, also bought 5,000 and 3,000 shares, respectively.
Over the past three days, key executives of Kakao Bank have purchased regarding 24,000 treasury stocks.
On the 5th, Kakao Bank’s Chief Strategy Officer (CSO) Kim Seok and Internal Audit Officer Yoo Ho-beom bought 10,000 shares and 3285 shares, respectively, on the stock exchange.
The recent slump in Kakao Bank’s stock price is interpreted as an attempt to raise it. A Kakao Bank official explained, “Executives voluntarily purchased Kakao Bank stocks to enhance shareholder value.”
