[Conference Call] NAVER Retires Treasury Shares Worth 1 Trillion Won to "Enhance Shareholder Value"

NAVER has retired its treasury shares worth a total of 1 trillion won to enhance shareholder value.

On the morning of the 7th, NAVER's Chief Financial Officer Heecheol Kim announced during the company’s second quarter earnings conference call, “To enhance shareholder value, we retired 4,901,094 treasury shares—which accounted for 3.1% of the company's total issued shares—on August 3.”

Naver Headquarters in Seongnam, Gyeonggi Province. Photo by Jinhyung Kang aymsdream@

The value of the treasury shares retired by NAVER this time amounts to approximately 1 trillion won.

Kim also stated, “We plan to continue reviewing various measures to enhance shareholder value as part of our ongoing shareholder return policy.”

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