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CEO Kim Byeong-su, buys company stocks... "Increasing shareholder value"

CEO Kim Byeong-su, buys company stocks... "Increasing shareholder value"

Posted by Yangseop Kim on 14th Mar 2024

로보티즈 김병수 대표이사, 자사주 매입..."주주가치 제고" [Original Article]

ROBOTIS Co., Ltd. (CEO Byungsoo Kim), a company specializing in autonomous driving robots, has purchased its own stocks through CEO Byungsoo Kim to increase shareholder value.

According to the Financial Supervisory Service’s electronic disclosure system on the 5th, CEO Kim Byung-soo purchased 5,000 shares of his company’s common stock. With a total of 115,050,000 won worth of treasury stock purchased, CEO Kim Byung-soo’s number of shares increased to 3,505,000. CEO Kim Byung-soo previously purchased 17,200 shares of common stock in 2020.

This purchase of treasury stock by CEO Kim Byeong-su was carried out to increase shareholder value and express confidence in the company's growth.

Robotis recently attracted the attention of many companies at home and abroad by introducing new models of indoor and outdoor 'GAEMI' overseas and domestically in July and August, respectively. It is noteworthy that expectations are high for the expansion of sales in the autonomous robot business sector utilizing this and the possibility of turning a profit next year.

In particular, with the revision of the Intelligent Robot Act scheduled for November 17, outdoor mobile robots are expected to become part of our daily lives in various fields such as delivery and patrol, and interest in the autonomous driving robot market and ROBOTIS, which is leading the industry, is increasing.

In fact, ROBOTIS is leading the commercialization of autonomous robots by utilizing existing models of outdoor autonomous robots. Since May, it has started a beverage delivery service within an apartment complex in Godeok Central I-Park, Gangdong-gu, Seoul, with the name of the complex, ‘Gosenbot.’ In addition, it has been providing an outdoor food and beverage delivery service at Gapyeong Midas Hotel & Resort since December of last year.

A Robotis official said, "CEO Kim Byung-soo's purchase of treasury stocks this time is a way to increase shareholder value and express confidence in the company's growth," adding, "Based on ROBOTIS' unique technological prowess and big data, we will continue to grow in the autonomous robot field while continuously working to increase shareholder value."