SK Inc. to retire record W4.8tr in treasury shares

SK Inc., the holding company of SK Group, said Tuesday it will retire about 4.8 trillion won ($3.27 billion) of treasury shares, marking the largest share retirement ever undertaken by a domestic holding firm. The board approved a plan to retire 14.69 million treasury shares out of the 17.98 million shares currently held by the company, excluding 3.29 million shares reserved for employee compensation. The retirement represents roughly 20 percent of SK Inc.’s outstanding shares and, based on curr

By The Korea Herald