[아이뉴스24 정유림 기자] Executives at Webtoon Entertainment, the parent company of Naver Webtoon, which is listed on the US NASDAQ, began buying back their own shares one after another.
On the 20th (local time), Webtoon Entertainment announced that CEO Jun-gu Kim purchased 41,531 shares of Webtoon Entertainment on the 16th and 19th. The purchase price per share is $11.88 to $13.07, and the total purchase size is $510,000 (approximately 678 million won).
Prior to this, on the 15th, Chief Strategy Officer (CSO) Kim Yong-soo and Chief Financial Officer (CFO) David Lee also invested $100,000 (about 133 million won) and $200,000 (about 265 million won) in stocks, respectively. It was announced that the purchase was made on the market.
Webtoon Entertainment, which oversees Naver’s webtoon business, is a company at the top of the webtoon and content business management structure. It was listed on NASDAQ in the United States at the end of June. At the closing price on the 19th, the stock price is $13.06, which is below the public offering price ($21). Regarding the management’s purchase of shares, Naver Webtoon said, “The intention is to share the interests of shareholders based on our belief in the company’s long-term growth.”
