LG Electronics (KRX:066570) concluded a 100 billion won share buyback, repurchasing 588,589 common shares and 141,840 preferred shares, according to Korea Stock Exchange filings on Wednesday.
Following the buyback, part of a shareholder value enhancement program to return 200 billion won to shareholders over two years, the company has terminated its treasury share trust agreement with NH Investment & Securities.
The repurchased shares will be cancelled before the year-end.