[Market Highlight] YM Rises on 5 Billion KRW Share Buyback to Address Undervaluation
![[Market Highlight] YM Rises on 5 Billion KRW Share Buyback to Address Undervaluation](http://www.asiae.co.kr/news/img_view.htm?img=2025062709315524371_1750984315.jpg)
YM shares are showing strength. This appears to be due to the announcement of a 5 billion KRW share buyback.
As of 10:22 a.m. on June 27, YM is trading at 2,505 KRW, up 8.68% from the previous day.
The previous day, YM announced that it had decided to enter into a trust contract to acquire treasury shares worth 5 billion KRW. The contract period is from July 1, 2025, to June 30, 2026. The company plans to acquire 2,183,406 shares, which represents 9.8% of its outstanding shares.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
YM stated that the decision to buy back shares was made to address the company's undervaluation relative to its corporate value, which it attributed to low trading volume.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
