Yuhan Corporation has announced plans to retire over 400 billion won worth of its own shares to enhance shareholder value.
The company disclosed on July 23 that its board of directors approved the retirement of shares valued at 425.3 billion won, with the retirement scheduled for July 31.
A total of 6,064,420 shares will be retired, representing 7.5% of the company's total shares.
Yuhan Corporation stated that the purpose of the share retirement is to improve shareholder value.
Additionally, Yuhan Corporation aims to maintain an average shareholder return rate of over 30% over the next three years, planning to retire 1% of its shares and continuously increase dividends per share until 2027.
Currently, Yuhan Corporation's dividend payout ratio stands at 53%, exceeding the industry average of around 10%.
* This article has been translated by AI.
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