The photo shows LG Twin Towers in Yeouido, Seoul, the landmark headquarters of the LG Group. (Image courtesy of Yonhap)
SEOUL, Jan. 29 (Korea Bizwire) – LG Electronics Inc. said Thursday it will spend around 100 billion won (US$70 million) to buy back its shares as part of efforts to increase shareholder value.
The buyback of 905,083 common shares and 189,371 preferred shares will run from Monday through Sept. 30, the company said in a regulatory filing.
It marked the first time for LG Electronics to launch a share buyback program aimed at increasing shareholder value. Previous buyback programs were aimed at providing shares as bonuses for employees.
The move came after LG Electronics vowed in November last year to implement a shareholder return program worth 200 billion won from 2026 to 2027.
In July 2025, LG Electronics retired treasury shares worth 60.2 billion won as part of efforts to boost shareholder value.
The company said it paid 243.9 billion won in dividends for 2025, or 1,350 won per common share and 1,400 won per preferred share.
(Yonhap)
