Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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SK Innovation Co., South Korea's leading refiner, said Monday it will buy back 1 trillion won ($934.5 million) worth of its own shares to enhance shareholder value.
The firm's shareholders approved the plan to buy 5.2 million shares, or 5.6 percent of the total, in the main KOSPI market within the next three months.
"The decision is part of SK Innovation's efforts to increase the shareholder value," the company said in a release.
Last week, SK Innovation said it will nix the initial public offering plan of its subsidiary SK Lubricants Co. out of concerns over the undervaluation of its offering.
SK Innovation was planning to use the proceeds from stake sales in its affiliate to fund its future growth. (Yonhap)
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