Business · Companies · 2 hrs ago
Krafton shares jump after it announces $300 million buyback and cancellation
South Korean game company Krafton said it will buy back and cancel its own shares in a move aimed at increasing value for shareholders.
The company plans to purchase 1,651,073 ordinary shares for about 300 billion won.
It will buy the shares directly on the stock market between November 4, 2026, and February 3, 2027, then cancel them.
After the announcement, Krafton shares rose more than 11% early in trading on November 4 and briefly climbed 14.34%.
The buyback would bring Krafton’s shareholder returns this year to 917.2 billion won, its largest annual total since it began returning value to shareholders in 2023.
In February, Krafton said it planned to return more than 1 trillion won to shareholders over three years through 2028.
The share purchases are scheduled to continue until February 3, 2027, according to the company’s plan.
Krafton shares rose by more than 11% in early trading on November 4 after the company announced a 300 billion won share buyback and cancellation.
The company plans to buy 1,651,073 common shares directly on the market and cancel all of them.
The purchase period runs from November 4, 2026, to February 3, 2027.
Krafton said the move is intended to enhance shareholder value.
The decision would bring Krafton’s shareholder returns for 2026 to 917.2 billion won, its largest annual total since it began shareholder returns in 2023.
- Who
- Krafton, a game developer.
- What
- It plans to buy back 1,651,073 common shares for about 300 billion won and cancel them all.
- When
- The announcement was made after the board met on November 3, 2026. The purchase period is November 4, 2026, to February 3, 2027.
- Where
- South Korea’s stock market.
- Why
- Krafton said the buyback and cancellation are intended to enhance shareholder value.
This story does not have two clearly opposing sides.
Krafton’s board decided to buy back 1,651,073 common shares for about 300 billion won and cancel them.
The buyback period began, and Krafton shares rose by more than 11% in early trading.
The announced period for purchasing the shares is scheduled to end.
- Buyback value
- About 300 billion won
- Shares to be bought back
- 1,651,073 common shares
- Purchase period
- November 4, 2026, to February 3, 2027
- 2026 shareholder returns
- 917.2 billion won
What people are saying
Enhancing shareholder value through the acquisition and cancellation of treasury shares