Samsung Electronics announced today through its business report that it plans to cancel over 80% of its treasury shares, approximately 87 million shares worth around 16 trillion won, during the first half of this year.
SK Inc., a holding company of the SK Group, also 5.1 trillion won equivalent to 20% of total issued shares
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Following amendments to the Commercial Act, large corporations have been carrying out large-scale treasury share cancellations.
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