Samsung Electronics President Roh Tae-moon buys 700 million won worth of company shares

Samsung Electronics President Noh Tae-moon bought 3,045 shares at 230,000 won each the previous day, investing a total of 703.5 million won.

His holdings rose from 121,235 shares to 124,280 shares, and the purchase gained about 100 million won in paper value after the stock surged the next day.

The move is being read as a signal of confidence in the company and a commitment to responsible management.