Written by 11:12 AM Economics

“Up 230% this year” Samyang Foods founder’s youngest daughter, sells all stocks.

A tourist choosing spicy chicken stir-fried noodles at a large mart in downtown Seoul. News1

A tourist choosing spicy chicken stir-fried noodles at a large mart in downtown Seoul. News1, ‘[Financial News] Jeon Se-kyung, a member of the Samyang Food owner family, has sold all of her Samyang Food shares she owns. ‘,

, ‘Samyang Food announced on the 18th that Jeon sold all 14,500 shares she owned in the company on the 24th of last month. As a result, Jeon’s stake decreased from the previous 0.19% to 0%. ‘,

, ‘The disposal price was 502,586 won per share, which amounts to 7,287,499,000 won when converted. Jeon is the youngest daughter of the late Jeon Jung-yoon, the honorary chairman of Samyang Food, and the older sister of Jeon In-jang, the chairman of Samyang Food. ‘,

, ‘Samyang Food has been on the rise this year with the worldwide popularity of the spicy chicken stir-fried noodles. As of the closing price on that day, Samyang Food’s stock price was 712,000 won, up nearly 230% from the end of last year (216,000 won).\n’]

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