*This content was translated by AI.
On the 17th, KG Mobility Platform, which operates the direct-used car platform K Car, announced that four key executives, including Jeong In-guk (CEO) director, purchased a total of 63,000 shares on the exchange. The purchase included 40,000 shares by Jeong In-guk (CEO) director, 10,000 shares each by Park Ji-won, head of the car rental business division, and Jeon Ho-il, Ma Ke-ting-bon (Director), and 3,000 shares by Hwang Jae-hyuk, Gyeong Mae-sa-eop (Head). The total purchase amount was approximately 400 million won.
Large-scale on-exchange purchases by executives of listed companies are a key signal demonstrating their commitment to responsible management and enhancing shareholder value. In particular, this purchase stands out for its notable price characteristics compared to past transactions. When Jeong In-guk (CEO) director purchased 10,000 shares in 2022, it cost about 250 million won; however, as the stock price fell, the company was able to secure a large volume of 63,000 shares at a significantly lower per-share price.
This phenomenon indicates that the current market price is excessively undervalued relative to the company's intrinsic value. The executives, who know the internal situation most thoroughly, directly purchased a large volume of shares, demonstrating their confidence in future performance recovery and corporate valuation growth through share buybacks. This structure maximizes 'skin in the game' by securing a large stake with a small amount of capital, aligning interests with shareholders.
KG Mobility Platform, newly launched on August 31 as part of the KG Group's family restructuring, is enhancing its core businesses—car rental, auctions, and e-commerce—by leveraging its 26-year competitive edge in direct-used cars and creating synergies across the group. The executives' share buyback is expected to secure downward rigidity during this undervalued stock price phase and serve as an opportunity to imprint trust in the company's medium- to long-term growth potential in the market.
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*This content was translated by AI.
