 |
LG Electronics Twin Towers headquarters in Yeouido, Yeongdeungpo District, Seoul. (Photo courtesy of Yonhap News) |
[Alpha Biz= Kim Jisun] Seoul, August 28, 2025 — LG Corp announced on August 28 that it will cancel half of its treasury shares, worth approximately KRW 250 billion, in early September, with the remainder to be retired next year. The move is seen as a proactive step to enhance shareholder value ahead of potential legislation mandating treasury share cancellations under the government’s proposed third amendment to the Commercial Act.
The upcoming cancellation will involve 3,029,580 common shares, equivalent to 1.93% of the company’s total outstanding common stock, based on an acquisition value of KRW 250 billion. The cancellation date is scheduled for September 4. Originally, LG had planned to cancel a total of KRW 500 billion in treasury shares by next year, but by retiring half this year, the company appears to be accelerating its shareholder return strategy.
Industry analysts suggest that LG’s relatively stable governance structure has enabled the company to move quickly on treasury share cancellations.
In addition, LG announced its first-ever interim dividend totaling KRW 154.2 billion. The company will pay KRW 1,000 per share on both common and preferred stock.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
