KT&G announced it will cancel all 10.9 million treasury shares it holds, valued at approximately 1.85 trillion won ($1.3 billion), with the burn scheduled for April 23. The decision, approved by the board, follows recent changes to Korea’s commercial law and is aimed at enhancing shareholder value.
The move aligns with the company’s broader capital return strategy, which also includes raising its annual dividend to 6,000 won ($4.08) per share.
