Seojin System Executes 10 Billion Won Treasury Share Repurchase and Cancellation

by Ryu Hyunseok

Published 24 Sep.2025 14:14(KST)

On September 24, Seojin System announced through a public disclosure that it plans to repurchase and cancel 10 billion won worth of its own shares, marking the first execution of its three-year shareholder return policy announced in December last year.

Seojin System Executes 10 Billion Won Treasury Share Repurchase and Cancellation

Last year, Seojin System recorded a consolidated net profit of 83.9 billion won. The company had previously stated its intention to repurchase and cancel treasury shares equivalent to at least 10% of its annual net profit each year.

The scale of this execution exceeds the initially proposed standard. By faithfully fulfilling its commitment to the market, Seojin System is taking concrete steps to enhance shareholder value in a genuine manner.

A Seojin System representative stated, "This repurchase and cancellation of treasury shares is not a short-term measure to boost the stock price, but a decision aimed at strengthening the company's sustainable growth and building shareholder trust." The representative added, "We will continue to faithfully implement the pledged measures to enhance shareholder value in the future."

Seojin System is expanding its business not only in the energy storage system (ESS) sector for secondary batteries but also into the smart grid market. In addition, as the importance of high-tech industries such as semiconductors and aerospace continues to grow, the company is accelerating its external growth by strengthening its unrivaled competitiveness. Based on this, Seojin System aims to establish a virtuous cycle in which increased profits are returned to shareholders.