Koh Young Technology said on the 13th it will grant about 5.4 billion won worth of treasury shares to 345 executives and employees.
Koh Young introduced a stock compensation program in 2021 and has granted treasury shares based on employee performance. This stock compensation will cover all employees who were on the payroll in Mar. 2023. The shares are scheduled to be delivered in Mar., transferred directly from the treasury share account to each recipient's personal account. The size is 168,300 treasury shares (about 5.3856 billion won).
Park Hyun-su, head of strategic planning at Koh Young, said, "Treasury share compensation is a program operated with the goal of joint growth for the company and individuals," and added, "By making every executive and employee a shareholder, we will lay the groundwork to actively pursue both the creation of results and the enhancement of corporate value, and leap forward as a corporations that drives long-term performance."