Cancellation of 398,563 Treasury Shares and New 5 Billion Won Buyback Trust, Dividend Raised to 50 Won Per Share - Strengthened Shareholder Returns Amid Governance Improvements
Enhanced Shareholder Returns: Board resolved to cancel 398,563 treasury shares (~1.9% of outstanding shares) in Feb 2026, boosting per-share value
New Share Buyback: Entered a 5 billion KRW trust contract for share acquisition (Feb 2026-Feb 2027), signaling price stability and further returns
Dividend Increase: Final dividend of 50 won/share (up 25% from 40 won), dividend yield 2.5%. Predictability improved since 2024
Governance Improvements: Avoided concentrated AGM date, introduced electronic proxy. Shareholder proposal (auditor) rejected but process transparent
Governance Gaps: No e-voting, insufficient AGM notice period (4 weeks), all-male board, lack of formal dividend policy
[AI Summary]Treasury share cancellation (1.9%) and new 5 bn KRW buyback, plus higher dividend (50 won/share) signal strong shareholder returns. Governance gaps (gender diversity, e-voting) pose medium-term risks, but no dilution or adverse capital events—positive for long-term value.