[Edaily Reporter Park Jung-Soo ] Kim Ho-seon, CEO of GAMSUNG Corporation(036620), continued his commitment to responsible management by purchasing an additional 209,000 shares of the company’s stock worth approximately 800 million won.
GAMSUNG Corporation announced on the 7th that CEO Kim purchased 209,000 shares of the company’s stock on the open market for approximately 780 million won.
This marks CEO Kim’s fifth purchase of company stock this year. Following the purchase of 250,000 shares for approximately 1.3 billion won in January, he acquired 50,000 shares (approximately 250 million won) in May, and in July, he made two separate purchases of 250,000 shares (approximately 950 million won) and 160,000 shares (approximately 600 million won), respectively. Including this latest purchase, the cumulative total for the year stands at approximately 920,000 shares, valued at 4 billion won.
CEO Kim has been consistently buying the company’s stock since 2019. The company explained that the CEO’s repeated purchases of treasury stock demonstrate his confidence in the company’s medium- to long-term growth and corporate value.
Earnings are also continuing to grow. GAMSUNG Corporation recorded revenue of 117.1 billion won and operating profit of 18.6 billion won in the first half of this year. As the company enters the fall/winter (FW) season—the peak season for the outdoor industry—it plans to maintain its earnings growth momentum in the second half of the year.
The company is also accelerating the expansion of its overseas operations. GAMSUNG Corporation is focusing its overseas expansion on China, Japan, and Taiwan, and in China, it plans to expand its store network primarily in Beijing and Shanghai. It is also simultaneously building online sales channels and conducting local marketing efforts.
A representative from GAMSUNG Corporation stated, “The CEO’s purchase of company stock was based on confidence in the company’s intrinsic corporate value and mid- to long-term growth potential, rather than short-term stock price movements,” adding, “We will expand the brand competitiveness proven in the domestic market to the global market to build a foundation for sustainable growth and enhance corporate value.”