CEO Seungho Choi Increases Stake in SMCG by 70,106 Shares via Open Market Purchases, Ownership Rises to 28.41%

CEO Seungho Choi purchased 70,106 common shares of SMCG through open market transactions from June 30 to July 4, 2026, increasing his stake from 28.07% to 28.41%.
The purchase prices ranged from 2,167 to 2,271 KRW, lower than the recent stock price of 2,285 KRW, indicating opportunistic buying.
This increase in ownership signals the largest shareholder's expanded commitment, potentially aligning interests with minority shareholders.
[AI Summary]The CEO's open market purchases reflect management confidence, but the small scale limits direct stock price impact. It is a positive governance signal aligning controlling shareholder interests with minority shareholders.