Based on your link, he bought it for an average of 48.6 per ADR (4 ADR = 1 Korean share).
Probably stressed it out in the meeting hoping to jawbone the price up in order to sell. By the way, the SEC has given him a pass on having to report his trades. I would not be surprised if the shares have been sold.
As of friday the shares are only worth 792 million.
I hope they move this price to 60 despite China reporting a rise in inventory and drop in price.
========================================================== Reuters reported that Chinese spot steel prices fell 5.3% in a third consecutive weekly fall, on rising inventory after a much anticipated demand recovery failed to materialize. =========================================================
He bought at $40 a couple years ago & is holding those shares unless he sold since last reporting of his holdings. Charlie Munger called PKX "the best steel company in the world & 2nd place isn't even worth mentioning".