{"id":70947,"date":"2026-09-22T19:43:00","date_gmt":"2026-09-22T12:43:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=70947"},"modified":"2026-09-22T19:43:00","modified_gmt":"2026-09-22T12:43:00","slug":"ktg-announces-krw-360-billion-share-buyback-and-retirement-to-enhance-shareholder-value","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=70947","title":{"rendered":"KT&G Announces KRW 360 Billion Share Buyback and Retirement to Enhance Shareholder Value"},"content":{"rendered":"\n\n\n
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  • KT&G to purchase 2.07 million shares from Sept. 23 and retire all shares upon completion of the buyback<\/li>\n
  • H1 operating profit rises 22.6% YoY; new shareholder return policy slated for Q4<\/li>\n<\/ul>\n

    SEOUL, South Korea<\/span>, Sept. 22, 2026<\/span> \/PRNewswire\/ — KT&G (CEO, Kyung-man Bang) announced on Sept. 22 that its Board of Directors approved a share buyback and retirement worth approximately KRW 360 billion to enhance shareholder value.<\/p>\n

    <\/div>\n

    Under the plan, KT&G will purchase approximately 2.07 million shares, equivalent to around 2% of its total issued shares, through open-market transactions starting Sept. 23. All shares acquired under the program will be retired upon completion of the buyback.<\/p>\n

    The decision marks the implementation of the company’s previously announced plan in February to buy back and retire more than KRW 300 billion worth of shares.<\/p>\n

    Earlier in April, KT&G retired all of its previously held treasury shares, valued at approximately KRW 1.8 trillion. As a result, the company has already exceeded the share retirement target set under its 2024\u20132027 mid- to long-term shareholder return plan, which called for the retirement of shares equivalent to 20% of total shares outstanding as of 2023.<\/p>\n

    KT&G also delivered strong earnings growth in the first half of the year, posting consolidated revenue of KRW 3.4052 trillion and operating profit of KRW 779.0 billion, up 12.0% and 22.6% year on year, respectively. The results were driven by stronger competitiveness in its core businesses, particularly overseas cigarettes and NGP (Next Generation Products).<\/p>\n

    Based on its strong earnings performance, KT&G raised its interim dividend by KRW 600 to KRW 2,000 per share, from KRW 1,400 a year earlier. The company also plans to announce a new mid- to long-term shareholder return policy in the fourth quarter, with a focus on strengthening dividend returns.<\/p>\n

    KT&G has also seen increased investment from major global asset managers amid its earnings growth and expanded shareholder returns. U.S.-based Capital Group has increased its stake in KT&G to 8.22%, while BlackRock, the world’s largest asset manager, holds a 6.15% stake.<\/p>\n

    “We decided to carry out the share buyback and retirement to enhance the predictability of our shareholder return policy, strengthen capital market confidence and enhance per-share value,” a KT&G official said. “We will continue to enhance shareholder value by creating a virtuous cycle of earnings growth and expanded shareholder returns.”<\/p>","protected":false},"excerpt":{"rendered":"

    <\/p>\n\n\n\n
    \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n
    • KT&G to purchase 2.07 million shares from Sept. 23 and retire all shares upon completion of the buyback<\/li>\n
    • H1 operating profit rises 22.6% YoY; new shareholder return policy slated for Q4<\/li>\n<\/ul>\n

      SEOUL, South Korea<\/span>, Sept. 22, 2026<\/span> \/PRNewswire\/ — KT&G (CEO, Kyung-man Bang) announced on Sept. 22 that its Board of Directors approved a share buyback and retirement worth approximately KRW 360 billion to enhance shareholder value.<\/p>\n

      <\/div>\n

      Under the plan, KT&G will purchase approximately 2.07 million shares, equivalent to around 2% of its total issued shares, through open-market transactions starting Sept. 23. All shares acquired under the program will be retired upon completion of the buyback.<\/p>\n

      The decision marks the implementation of the company’s previously announced plan in February to buy back and retire more than KRW 300 billion worth of shares.<\/p>\n

      Earlier in April, KT&G retired all of its previously held treasury shares, valued at approximately KRW 1.8 trillion. As a result, the company has already exceeded the share retirement target set under its 2024\u20132027 mid- to long-term shareholder return plan, which called for the retirement of shares equivalent to 20% of total shares outstanding as of 2023.<\/p>\n

      KT&G also delivered strong earnings growth in the first half of the year, posting consolidated revenue of KRW 3.4052 trillion and operating profit of KRW 779.0 billion, up 12.0% and 22.6% year on year, respectively. The results were driven by stronger competitiveness in its core businesses, particularly overseas cigarettes and NGP (Next Generation Products).<\/p>\n

      Based on its strong earnings performance, KT&G raised its interim dividend by KRW 600 to KRW 2,000 per share, from KRW 1,400 a year earlier. The company also plans to announce a new mid- to long-term shareholder return policy in the fourth quarter, with a focus on strengthening dividend returns.<\/p>\n

      KT&G has also seen increased investment from major global asset managers amid its earnings growth and expanded shareholder returns. U.S.-based Capital Group has increased its stake in KT&G to 8.22%, while BlackRock, the world’s largest asset manager, holds a 6.15% stake.<\/p>\n

      “We decided to carry out the share buyback and retirement to enhance the predictability of our shareholder return policy, strengthen capital market confidence and enhance per-share value,” a KT&G official said. “We will continue to enhance shareholder value by creating a virtuous cycle of earnings growth and expanded shareholder returns.”<\/p>\n

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