LG Uplus announced on July 29 that its board of directors has approved a share buyback worth 90 billion won. The repurchased shares will be used to enhance shareholder value through measures such as retirement.
This buyback is part of LG Uplus's 'Value-up Plan,' announced in November 2024, aimed at increasing corporate value. Since the announcement, the company has consistently pursued share buybacks and retirements as part of its medium- to long-term financial goals and shareholder return policy.
Previously, LG Uplus retired approximately 100 billion won in shares based on book value in August of last year. In May, the company also retired all of the 80 billion won in shares it had repurchased since last year.
The current share buyback continues the company's efforts to expand shareholder returns, and LG Uplus plans to maintain its focus on enhancing shareholder value and strengthening trust with investors.
Additionally, LG Uplus has decided to pay an interim dividend of 270 won per share for 2026, marking an increase of about 8% compared to the previous year's interim dividend. The record date for the interim dividend is August 13, and the payment is scheduled for August 28.
Furthermore, on the same day, LG Uplus announced an additional investment of approximately 1.3 trillion won for the second phase of its AI Data Center (AIDC) construction in Paju. This investment will fund the construction of Data Center Buildings 2 and 3, as well as related equipment investments and the design of Data Center Building 4.
Meanwhile, LG Uplus is set to announce its second-quarter results on August 6.
* This article has been translated by AI.
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