[Edaily Reporter KYUNG GYEYOUNG ] E-MART Co., Ltd. has decided to cancel all of its treasury shares to enhance shareholder value.

E-MART Co., Ltd.(139480)The company announced on the 15th that it would cancel treasury stock worth 75.8 billion won. The shares to be canceled consist of 577,117 common shares, with a par value of 5,000 won per share. These treasury shares are scheduled to be canceled on the 19th.

Previously, in February of last year, E-MART Co., Ltd. announced a corporate value enhancement plan stating that it would cancel 280,000 treasury shares annually over a two-year period. Accordingly, the company canceled 280,000 treasury shares last April.

With this decision, E-MART Co., Ltd. will have retired all of its treasury stock.

E-MART Co., Ltd. explained, “We proactively expanded the scale of the buyback beyond our initial target to enhance shareholder value,” adding, “We will continue to develop measures and carry out activities aimed at increasing shareholder value while flexibly responding to changes in the internal and external environment.”