KT&G Announces 2.8 Trillion KRW Shareholder Rebate Plan
According to a report by South Korean media outlet edaily on November 13th, Korean company KT&G has announced plans to implement a shareholder return policy, which will cost a total of 2.8 trillion Korean won (approximately 2.1 billion US dollars) over the span of three years, starting from next year until 2026.
KT&G has announced its intention to return approximately 2.8 trillion Korean won in cash to shareholders, using internal funds such as available cash and partial liquidation of assets, after accounting for internal and external growth investment costs. Additionally, the company plans to repurchase all newly issued company shares and partially cancel existing company shares held.
The company also stated that it will utilize both newly acquired and existing company stocks for dividend payments or repurchases.
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