Abko Strengthens Shareholder Returns and Responsible Management... Share Buyback Announced

Abko, a company specializing in gaming gear and small home appliances, announced on the 23rd that it has signed a trust agreement for the repurchase of treasury shares. It will repurchase treasury shares worth 3 billion KRW over the next six months.

This decision was made based on the management's judgment that the current stock price is excessively undervalued compared to the company's fundamentals and growth potential. Taking this opportunity to acquire treasury shares, Abko will actively enhance shareholder value and strengthen responsible management.

Abko also decided to acquire treasury shares worth 3 billion KRW in April. With this additional purchase decision, it will acquire treasury shares worth 6 billion KRW, equivalent to about 10% of the total shares, within this year alone. The company plans to pursue various measures to further enhance shareholder value in the future.

An Abko representative said, "Despite improvements in performance and fundamentals, the stock price remains excessively low due to the stock market downturn," adding, "Based on strong financial stability and a profit-making trend, we plan to implement proactive shareholder-friendly policies such as treasury share repurchases."

Meanwhile, Abko recorded an operating profit of 3.1 billion KRW in the first half of this year, successfully turning a profit compared to the same period last year. Furthermore, through a smart device distribution project targeting elementary, middle, and high schools nationwide, it has secured a contract to supply 'PADBANK' worth 16 billion KRW, laying the foundation for improved performance.

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