NHN will acquire about 16.7 billion won worth of its own shares and cancel all of them.
NHN said in a filing that on the 11th its board decided to acquire 431,525 common shares for 16,701,750,000 won. The acquisition period is from the 12th to Aug. 11, and the shares will be bought on the open market. All acquired shares will be canceled on Aug. 12.
The decision is part of a three-year (2026–2028) shareholder return policy released last year. At the time, NHN said it would allocate 15% of the prior year's consolidation-based earnings before interest, taxes, depreciation and amortization (EBITDA) each year to cash dividends and share buybacks.
NHN also presented a plan to immediately cancel at least 50% of treasury shares newly acquired from this year within the year of purchase to enhance shareholder returns.