Key Takeaways
- KT&G disclosed on April 16 that it will cancel all 10.87 million treasury shares it holds.
- The cancellation amount is about KRW 1.85 trillion, or around USD 1.26 billion based on the IMF’s April 16, 2026 exchange rate of KRW 1,473.1 per U.S. dollar.
- The company said the board made the decision in consideration of the revised Commercial Act and shareholder value enhancement.
- The planned cancellation date is April 23, 2026.
- KT&G previously confirmed its annual dividend at KRW 6,000 per share at the March 26 annual general meeting, up KRW 600 from a year earlier, equivalent to about USD 4.07 and USD 0.41 respectively at the same rate.
2Firsts, April 17, 2026
According to the report, KT&G disclosed on April 16 that it will cancel all 10,866,189 treasury shares it currently holds.
KT&G plans to cancel all treasury shares
According to the disclosure, KT&G plans to retire 10,866,189 treasury shares, with the cancellation amount set at about KRW 1.8516 trillion, or approximately USD 1.26 billion based on the IMF’s April 16, 2026 representative exchange rate of KRW 1,473.1 per U.S. dollar. The cancellation date is scheduled for April 23.
The company said the move reflects the revised Commercial Act and shareholder value considerations
KT&G said its board approved the cancellation on the same day. The company said it decided to cancel all treasury shares in consideration of the revised Commercial Act and shareholder value enhancement.
The report also noted that KT&G had already announced a treasury share cancellation policy at a Feb.
25 board meeting, held after the so-called third revision of the Commercial Act, which mandates treasury share cancellation, passed the National Assembly.
The annual general meeting confirmed a KRW 6,000 dividend
The report said KT&G’s annual general meeting on March 26 confirmed an annual dividend of KRW 6,000 per share, up KRW 600 from the previous year.
Based on the IMF’s April 16, 2026 representative exchange rate of KRW 1,473.1 per U.S. dollar, KRW 6,000 is about USD 4.07 and the KRW 600 increase is about USD 0.41.
Photo credit: Nate
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