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LG Uplus CEO acquires 20,000 shares

March 24, 2016 - 16:54 By 이지윤
LG Uplus, the nation’s No. 3 telecom carrier, said Thursday that CEO and vice chairman Kwon Young-soo has acquired 20,000 company shares. 

The company’s share price closed at 10,700 won ($9.16), up 100 won from the previous day. 

LG Uplus CEO and vice chairman Kwon Young-soo

“With the acquisition, he is showing his willingness for more responsibility in management and confidence in the company’s future,” the company said in a statement. 

“We also hope to elevate the trust of shareholders about the company’s future business.”

At a shareholders meeting on Friday, the company said it aims to see a 3 percent growth in sales to 8.92 trillion won. The company said it would pour resources into new services related to the Internet of Things and mobile payments system. 

By Lee Ji-yoon (