SOOP's key executives purchased a total of 300 million won worth of treasury shares. The move aims to strengthen a commitment to responsible management and enhance shareholder value.
According to SOOP on the 4th, CEO Choi Young-woo and CEO Lee Min-won each purchased about 100 million won worth of treasury shares. Chief Technology Officer (CTO) Choi Dong-geun and Chief Financial Officer (CFO) Lee Byung-ho also acquired about 50 million won worth of shares each.
A SOOP official said, "This executive purchase of treasury shares was made based on confidence in the company's mid- to long-term growth potential and its current corporate value," and added, "We will continue to strengthen responsible management while expanding regular IR activities and communication with shareholders."
Meanwhile, SOOP finalized a three-year shareholder return policy at the regular shareholders meeting in Mar. to run through 2028. Under the policy, the company will allocate at least 25% of consolidation net income over the next three years as resources for shareholder returns. The basis for dividends was also changed from free cash flow (FCF) to net income.