Daewon (KOSDAQ:007680) plans to retire 223,736 treasury shares, valued at 1 billion won.
The shares will be retired on June 11 at a par value of 500 won apiece, according to a Thursday filing from the South Korean firm on the Korea Exchange.
Shares of Daewon, which primarily engages in real estate development, residential construction, and textile manufacturing, fell nearly 1% in recent trade.