SK Discovery to Buy Back 30 Billion KRW of Shares... Considering Introduction of Interim Dividends

[Asia Economy Reporter Hwang Yoon-joo] SK Discovery is implementing an active shareholder-friendly policy through the acquisition of treasury shares worth 30 billion KRW. It is also considering introducing interim dividends in the medium term.

On the 12th, SK Discovery announced that it decided on treasury stock acquisition and a medium-term dividend policy through a board meeting.

Accordingly, SK Discovery decided to purchase treasury shares worth 30 billion KRW and signed a trust contract for treasury stock acquisition. This corresponds to approximately 600,000 common shares of SK Discovery, accounting for 3.2% of the total shares.

At the same time, it established and announced a medium-term dividend policy that gradually increases dividends compared to the previous year's dividend per share and reviews the dividend policy every three years. It also plans to actively implement shareholder-friendly policies, including actively considering the introduction of an interim dividend system through amendments to the articles of incorporation.

This shareholder-friendly policy announcement is expected to increase predictability for SK Discovery’s shareholders and stakeholders and enhance market trust.

An SK Discovery official stated, "As a holding company, SK Discovery will strengthen its business portfolio centered on bio, green materials, green energy, and living solutions, while improving its governance structure to align with this. We will strengthen ESG management through active communication with various stakeholders and continuously enhance corporate value."

This content was produced with the assistance of AI translation services.