[Featured Stock] SK Square Rises on Announcement of Value-Up Plan
SK Square, which announced a value-up plan involving shareholder returns worth 200 billion KRW, is showing strong performance.
![[Featured Stock] SK Square Rises on Announcement of Value-Up Plan](http://www.asiae.co.kr/news/img_view.htm?img=2022022510093858593_1645751377.jpg)
As of 9:45 AM on the 22nd, SK Square is trading at 83,600 KRW, up 3.98% compared to the previous day.
SK Square announced yesterday that it will cancel 100 billion KRW worth of treasury shares purchased in April this year and plans to purchase and cancel an additional 100 billion KRW worth of treasury shares within three months starting from the 25th.
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It also announced that it will reduce the net asset value (NAV) discount rate to below 50% by 2027 and achieve a return on equity (ROE) exceeding the cost of equity (COE).
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