NK Signs Additional KRW 3 Billion Share Buyback Trust Agreement

KOSPI-listed NK is continuing its efforts to enhance shareholder value.

NK said on October 20 that it had decided to enter into a new KRW 3 billion trust agreement for the acquisition of its own shares to stabilize its share price and enhance shareholder value. The agreement will run for six months, from October 20, 2026, through April 18, 2027, and Korea Investment & Securities will serve as the contracting institution.

The new agreement follows the completion of purchases under a trust agreement of the same size entered into in July 2026. NK purchased 345,655 common shares from July 14 through September 30, 2026, completing the purchases more than three months ahead of the original expiration date of January 12, 2027. The company terminated the agreement early on October 20. All the shares acquired will be canceled.

This is NK's third trust agreement for acquiring its own shares, following those entered into in December 2024 and July 2026. After canceling about 4.7 million of its own shares and carrying out a 10-for-1 reverse stock split in April 2026, NK has continued to buy back and cancel shares, strengthening its shareholder-return policy.

An NK representative said, "After completing purchases under the existing trust agreement ahead of schedule, we immediately entered into a new agreement, making our commitment to enhancing shareholder value clear." The representative added, "We will cancel all the shares acquired under the existing agreement and share the results with our shareholders."

This content was produced with the assistance of AI translation services.