Nexthurs CEO Jang Hyun-kook (장현국) invested about 300 million won to buy 161,765 of the company’s own shares on the market.

A filing on Tuesday on the Financial Supervisory Service’s DART system showed Jang reported buying 161,765 Nexthurs common shares on the market at 1,858 won per share.

The total amount spent on the share purchase was 300,484,870 won. The acquisition funds were made up of his own money sourced from earned income, without borrowing.

Jang’s shareholdings increased to 5,968,762 shares from 5,806,997 shares. His stake ratio, however, fell by 2.78 percentage points to 7.33 percent from 10.11 percent in the previous report dated Jan. 6, 2025. Nexthurs currently has 81,385,045 shares outstanding.

Jang is a registered executive and chief executive officer of Nexthurs, and is listed in the disclosure as the de facto controlling shareholder. Linked, which is the largest shareholder and includes Jang as a specially related party, also increased its Nexthurs holdings to 47,303,150 shares from 47,141,385 shares following the purchase.

The combined stake of Linked and specially related parties is 58.12 percent. The change reflects the 161,765 shares acquired by Jang, which corresponds to 0.20 percent of total shares outstanding.