[Edaily Reporter Shin Ha-yeon ] Genohco, Inc(361390), a company specializing in aerospace, defense, and telecommunications, announced on the 23rd that its Chief Technology Officer (CTO) and Executive Vice President, Heo Seong-jae, acquired 2,534 shares of the company’s stock through on-market purchases.

The company explained that this share purchase demonstrates management’s confidence in Genohco, Inc.’s mid- to long-term growth potential and the prospects for enhancing corporate value. In particular, as business synergies in the aerospace and defense sectors are gaining momentum following Genohco, Inc.’s acquisition by KAI, this on-market purchase by a key executive is seen as a signal reinforcing the commitment to responsible management.

CTO Heo is an aerospace expert who previously served at KAI as Head of the Aviation Electronics and Armament Division, Head of the Rotorcraft Systems Division, and Chief Engineer for Rotorcraft Development. With over 20 years of experience in avionics and aircraft systems development, he joined Genohco, Inc last year as Head of the R&D Division and CTO.

Since then, he has been recognized for playing a leading role in expanding technological cooperation with KAI and strengthening the competitiveness of core businesses.

Since becoming a subsidiary of KAI, Genohco, Inc. has been expanding the scope of its collaboration in key business areas such as avionics, satellite communications, and unmanned systems. Recently, the company has been accelerating efforts to localize core technologies and expand high-value-added defense and aerospace businesses, with a focus on the satellite and avionics sectors.

CTO Heo stated, “I purchased the company’s stock based on my confidence in Genohco, Inc.’s core technological capabilities and growth potential,” adding, “I will contribute to the continuous enhancement of corporate value by expanding technological synergies with KAI and strengthening competitiveness in the aerospace and defense sectors.”

Genohco, Inc. official remarked, “This on-market purchase demonstrates management’s confidence in the company’s mid- to long-term growth prospects and business synergies,” adding, “We plan to focus on technological innovation and strengthening our competitiveness in securing orders in response to the expanding aerospace and defense markets.”