Business · Companies · 2 hrs ago
I.L. chief executive buys more company shares with personal funds
I.L. chief executive Song Seong-geun bought 23,000 company shares using his personal funds.
He paid about 118.09 million won, and his stake rose from 19.66% to 19.72%.
The company says the purchase signals confidence in its long-term growth and Song’s commitment as its largest shareholder.
I.L., which began in solar power and LED lighting, is expanding into physical artificial intelligence.
The company plans to buy back 4.5 billion won in convertible bonds on November 2 using a call option, rather than responding to an investor’s request for early repayment.
The buyback will cost about 4.73 billion won, and the bonds may later be cancelled or resold, depending on a board decision.
I.L. says it has no plans for further bond issues for now.
I.L. chief executive Song Seong-geun bought 23,000 shares in the company using 118.09 million won of personal funds.
The purchase increased his stake from 19.66% to 19.72%.
I.L. said the purchase showed confidence in the company’s medium- and long-term growth and Song’s commitment to responsible management.
The company plans to use a call option to buy back 4.5 billion won of convertible bonds on November 2.
- Who
- I.L. chief executive Song Seong-geun bought the shares.
- What
- He bought 23,000 I.L. shares for 118.09 million won using personal funds.
- When
- The purchase was made on October 15, according to a report published on October 16, 2026.
- Where
- The shares were bought on the stock market. The company is I.L.
- Why
- I.L. said the purchase showed confidence in its medium- and long-term growth and Song’s commitment to responsible management.
This story does not have two clearly opposing sides.
Song acquired a total of 1.15 million shares through conversion rights and on-market and after-hours purchases.
Song acquired an additional 655,000 shares as part of responsible management.
I.L. announced it would use a call option to acquire 4.5 billion won of convertible bonds early.
Song bought 23,000 I.L. shares using 118.09 million won of personal funds.
I.L. plans to buy back the 4.5 billion won of convertible bonds.
- Shares bought
- 23,000
- Personal funds used
- 118.09 million won
- Price per share
- 5,134 won
- Song’s new holding
- 7,280,505 shares
- Song’s new stake
- 19.72%
- Convertible bonds to be bought back
- 4.5 billion won face value; about 4.73 billion won purchase price
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What people are saying
The purchase showed confidence in the company’s medium- and long-term growth and the largest shareholder’s commitment to responsible management
We have no plans to issue additional convertible bonds for the time being