Raonsecure said on the 29th it will cancel 99,346 treasury shares worth 1.24 billion won as part of its shareholder return policy.
The company said, "This treasury share cancellation is intended to enhance per-share value by reducing the number of shares outstanding and to strengthen value-up efforts and shareholder return policies."
Raonsecure has recently pursued a strategy to strengthen its recurring revenue base by shifting to a platform-centered business structure. The company noted that demand for security and authentication is expanding with the government's mandate of multi-factor authentication (MFA), the legalization of mobile IDs, and the transition to post-quantum cryptography policies, putting the company into a structural growth phase.
The company plans to preemptively respond to next-generation security and authentication demand by focusing on an agentic AI-based security automation platform, post-quantum cryptography (PQC), and digital ID-based authentication businesses.
A Raonsecure official said, "This treasury share cancellation is part of executing value-up to enhance shareholder value and strengthen market trust," adding, "We will continue to raise corporate value based on stable business results and growth strategies, and maintain a business stance of growing together with shareholders."