005930.KS is trading 5.4% up at â‚©359,000 following reports that the company plans to launch a massive 90 trillion won share buyback program over the next three years.
- The multi-year repurchase plan is designed to fund performance bonuses in stock for employees within the company's chip division.
- Market analysts view the program as a major catalyst for the share price, noting it represents one of the largest corporate buyback initiatives globally.
- The move is seen as a significant step in aligning employee incentives with shareholder value in the critical semiconductor sector.