[DigitalToday reporter Lee Ho-jung] Krafton Chairman Jang Byung-gyu (장병규) will acquire about 10 billion won worth of the company’s shares through on-market purchases. The decision follows CEO Kim Chang-han’s share purchase, driven by management’s view that the stock is undervalued and its confidence in the mid- to long-term strategy.
Krafton disclosed on Friday that Jang will buy 43,103 shares on the market. The purchase period runs from April 21 to May 20. The acquisition price is 232,000 won per share, with a total transaction amount of about 10 billion won.
The decision is a follow-up after Kim bought about 5 billion won worth of shares on Tuesday.
Krafton said the move was meant to show support for the mid- to long-term strategy direction and growth vision being pursued by Kim Chang-han (김창한).
It added that it believes Krafton’s current share price does not fully reflect the company’s intrinsic value and growth potential, and that management has strong confidence in mid- to long-term growth.
Lee Ho-jung
lhj@d-today.co.kr