On the day of his official appointment as CEO, Samsung SDI’s CEO Choi Joo-sun purchased approximately 190 million won worth of company shares. According to the Financial Supervisory Service’s electronic disclosure system and Samsung SDI, Choi acquired 1,000 shares on the stock market on the 19th, the day he was officially appointed as CEO through a regular shareholders’ meeting and board of directors. The purchase price was 191,500 won per share, totaling 191.5 million won.
This purchase by CEO Choi is interpreted as an expression of his commitment to responsible management and enhancing shareholder value. This move, especially following the announcement of a 2 trillion won capital increase and large-scale facility investment plans, demonstrates confidence in future growth potential based on differentiated technological capabilities.
A Samsung SDI official stated, “Purchasing company shares on the day of his official appointment as CEO reflects a strong commitment to responsible management and enhancing shareholder value,” adding that efforts to secure long-term growth will continue. Previously, on the 14th, Samsung SDI held a board meeting and resolved to conduct a capital increase of 2 trillion won to accelerate long-term growth based on a stable financial structure. The funds raised from the capital increase will be used for joint venture investments with U.S. GM, expanding production capacity at the Hungary plant, and investing in solid-state battery line facilities.
The company explained that these investments are essential to secure a competitive edge when the ‘super cycle’ of the global battery market arrives in the future.