SeoulMarkets · tag
treasury-stock
3 stories tagged “treasury-stock”, each from official Korean data with its source and timestamp.
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.
Three Korean companies announced buybacks on the same day. Only one will retire the shares.
Exem, Shinhung, and Handsome Corporation filed buybacks on September 18. Handsome's plan is 7-10x larger and the only one that also commits to cancelling the shares.
JYP's 6.75% treasury stock hasn't moved since 2018 — traced to its 2013 listing
JYP Entertainment holds 6.75% of itself in treasury, far above the other five listed K-pop agencies checked. The count hasn't changed since a 2018 cancellation, and its own 5-year rule points back to JYP's 2013 backdoor listing.