[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.
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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.
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