Two Korean Companies Filed Share Cancellations the Same Day. One Retires Nearly 10% of Its Stock.
Intem and KTis both filed board-approved share cancellation decisions on 23 September. Intem is retiring 4.74% of its shares; KTis is retiring 9.76% — more than double the ratio, from already-acquired treasury stock in both cases.
AI-assisted, human-reviewed sourcing. Figures are pulled programmatically from the official sources listed at the end of this article and checked by an editor before publication.
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Two unrelated Korean companies filed board-approved share cancellation decisions on the same day, 23 September, 2026 — Intem (KRX: 017250) and KTis (KRX: 058860). Both are cancelling shares from treasury stock they already hold, not making a new purchase. The scale is where they diverge: Intem is retiring 4.74% of its outstanding shares; KTis is retiring 9.76%, more than double.
The two filings, side by side
| Field | Intem | KTis |
|---|---|---|
| Shares to be cancelled | 996,542 | 3,397,048 |
| Shares outstanding | 21,045,467 | 34,802,000 |
| Ratio | 4.74% | 9.76% |
| Cancellation amount | ₩1,030,877,576 | ₩9,928,036,305 |
| Source of shares | Already-acquired treasury stock | Already-acquired treasury stock |
| Board resolution date | 23 September 2026 | 23 September 2026 |
| Cancellation date | 30 September 2026 | 30 October 2026 |
We recomputed both ratios independently from the raw share counts in each filing.
What “already-acquired” means here
Both companies describe the shares being cancelled as stock they already hold, rather than shares they are newly buying back for the purpose of cancellation. That distinguishes this pair of filings from a buyback-announcement filing, where a company commits to acquiring shares over a future window — here, the acquisition step is already done, and what’s being disclosed is the decision to permanently retire the shares rather than hold them as treasury stock. Neither filing states when the underlying treasury stock was originally acquired or at what price.
What this comparison does and doesn’t tell you
Same-day, same-type filings with more than a two-to-one difference in scale (4.74% versus 9.76% of shares outstanding) show that “share cancellation” as a disclosure category covers a wide range of actual impact on share count. Neither filing states a stated rationale, so this comparison reports the mechanics — what share of each company is being permanently retired, and when — without inferring a shareholder-return strategy or other motive that the filings themselves do not state.
This is not investment advice. Figures are drawn from official regulatory filings and are presented for data-quality reporting, not as a trading signal.
Data & Verification Notes
- Data as of
- Sources
- Financial Services Commission (Republic of Korea) / DART — Two separate share cancellation decision filings (주식소각 결정): Intem, rcept_no 20260923900399; KTis, rcept_no 20260923800133. Both filed 23 September 2026.
- Cross-checks
- Intem, per its filing: 996,542 common shares to be cancelled, against 21,045,467 shares outstanding. 996,542 / 21,045,467 = 4.735%. Par value ₩500/share; cancellation amount ₩1,030,877,576 (996,542 x ~₩1,034.5 effective value per the filing's stated total, not simply par value).
- KTis, per its filing: 3,397,048 common shares to be cancelled, against 34,802,000 shares outstanding. 3,397,048 / 34,802,000 = 9.762%. Par value ₩500/share; cancellation amount ₩9,928,036,305.
- Both filings state the source of shares to be cancelled as '기취득 자기주식' — already-acquired treasury stock, not a new open-market purchase.
- Both filings state the same board resolution date, 23 September 2026, and both state the transaction is not subject to Fair Trade Commission reporting.
- Cancellation date stated: Intem, 30 September 2026 (one week after the filing). KTis, 30 October 2026 (five weeks after the filing).
- Excluded figures
- When each company originally acquired the treasury stock it is now cancelling, or at what price — neither filing discloses the original acquisition history.
- Either company's motive for the cancellation (e.g., shareholder-return policy, anti-dilution) — Korean cancellation filings of this type do not include a stated rationale field, and neither filing volunteers one.
- Whether either company has additional treasury stock remaining after this cancellation that could be cancelled in a future filing — not stated in either filing.
- Instruments
- 017250, 058860
The full dataset behind these figures — every listed company, every row — is available to license. SeoulMarkets data for licence →
Not investment advice. SMarkets publishes data journalism for general information only. Nothing here is investment advice, a recommendation, or an offer to buy or sell any security — any investment you make is at your own risk and responsibility. Figures are derived from official public data sources and may be revised by the issuing agency. Verify independently before acting.
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