As the stock price of domestic venture capital (VC) DSC Investment surged, executives moved to sell their equities. The stock price jumped after Lee Jae-myung, a preliminary candidate for the Democratic Party of Korea presidential election, visited Furiosa AI as his first official schedule following his candidacy announcement, leading him to appear to sell some of his held equity on the market.
According to the Korea Exchange on the 22nd, Deputy Minister Kim Yo-han from DSC Investment sold 210,000 shares and 40,000 shares on the market on the 15th and 16th, respectively. The disposal price per share was 8,989 won and 8,718 won, respectively. The total sales amount was 2.23641 billion won.
Deputy Minister Park Jeong-woon also sold 250,000 shares on the market the day after the stock price of DSC Investment soared to its upper limit (29.98%) on the 15th. The disposal price per share was 8,497 won, securing approximately 2.1 billion won in cash.
On the 15th, Chae Joo-rak, an outside director appointed in 2020, and Lee Hyun-ok, spouse of Chief Executive Officer Yoon Geon-soo, also sold 30,000 shares and 200,000 shares, respectively. Director Chae disposed of his shares at 8,823 won per share, while Lee sold her shares at 9,425 won. The total sale amounts were 264.69 million won and 1.885 billion won, respectively.
Deputy Minister Lee Han-byeol and Senior Managing Directors Shin Dong-won, Lee Kyung-ho, and Lee Seong-hoon also sold their held equities. Deputy Minister Lee sold 237,496 shares at 9,034 won per share, earning 2.14553 billion won. Senior Managing Director Shin Dong-won sold 239,133 shares for 2.33322 billion won, Senior Managing Director Lee Kyung-ho sold 269,000 shares for 2.43525 billion won, and Senior Managing Director Lee Seong-hoon sold all of his 7,460 shares for 67.37 million won on the market.
The stock price of DSC Investment rose for eight consecutive trading days from the 3rd to the 14th. In particular, it surged by 945 won (21.07%) on the 7th and by 1,940 won (29.98%) on the 14th.
The date when the stock price of DSC Investment soared to the price limit on the 14th was also the day when the candidate visited Furiosa AI. At this meeting, the candidate stated, “We will open a 100 trillion won era of AI investment.” DSC Investment has been associated with related stocks due to its investment history in Furiosa AI.
Meanwhile, DSC Investment closed at 8,080 won, down 880 won (9.82%) from the previous day.