Emart announced on the 10th that it has decided to burn 37.2 billion won worth of treasury stocks.

Emart plans to burn 280,000 shares of treasury stock on the 15th.

The logo installed on the exterior wall of Emart Yongsan Store./Courtesy of News1

This action is in accordance with the value-up (corporate value enhancement) program announced on Feb. 11.

Earlier, Emart announced a value-up program that included a plan to burn more than 2% of its treasury stocks (280,000 shares annually) this year and next.