Shin Sang-Cheol, co-CEO of EDGC, repurchased shares and appeared confident of responsible management and improvement of shareholder value.

Shin reported to the Financial Supervisory Service that the number of fundholding increased to 841,074 shares as he acquired 92.1k shares(0.26%) in the market. As a result, the share of special officials and others rose to 39.57%.

"Recently, investment sentiment has shrunk and the stock has plunged" and "I decided to repurchase shares to strengthen responsible management because I have a lot of confidence in our company's growth," said Shin.

He added, "I'm convinced that EDGC will achieve a high level of the company's growth and I will consider an additional purchase with the change of stock price".