SEOUL, Jan. 26 (Korea Bizwire) – Samsung Electronics Co. said Monday it plans to provide treasury shares worth 175.2 billion won (US$120 million) to its executives under its excess profit incentive (OPI) system. The South Korean tech giant said in a regulatory filing that it will distribute a total of 1.15 million treasury shares to [...]
SEOUL, Jan. 12 (Korea Bizwire) — Major listed companies in South Korea have sharply increased their disposal of treasury shares over the past three years due mainly to efforts to boost their stock prices, a corporate tracker said Wednesday. A total of 129 listed firms retired or distributed to executives treasury shares worth 4.51 trillion [...]
SEOUL, May 4 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday it has decided to cancel 2.6 trillion won (US$2.32 billion) worth of treasury shares, over 10 percent of its total floated stocks, in a move to boost shareholder value amid plans to split into two companies later this year. [...]