Shinsegae held a board meeting on the 19th and decided to retire its own shares worth 35.4 billion won, according to a notification.

The appearance of the Shinsegae department store in the Jung-gu district of Seoul duty-free shop. /Courtesy of News1

As a result, Shinsegae will retire 200,000 of its own shares on the 27th. This share retirement is a measure to implement the value enhancement plan.

Earlier, Shinsegae announced through its value enhancement plan in December last year that it would retire more than 200,000 of its own shares annually from this year until 2027.

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