Samsung Executives Sold $1.94B in Stock in June, Amid Market Turmoil

According to the Financial Supervisory Service's electronic disclosure system, Samsung Electronics executives sold approximately 1.94 billion won (about $1.94 million USD) in stock in June. Four executives participated in the sales, with Lee Won-jin, president of the VD Business Division, making the largest sale of 3,000 shares at 340,000 won per share on June 17, netting about 1.02 billion won.

In contrast, one SK Hynix executive, Choi Jun-ki, sold 4.38 billion won in stock during the same period following exercise of stock options. The timing of Samsung's sales coincided with market volatility, as the company's stock price fluctuated sharply in June and SK Hynix briefly surpassed Samsung in market capitalization.