Krafton is experiencing a significant surge in its stock price as it expands shareholder returns through a large-scale share buyback. The decision to retire all acquired shares has led to expectations of reduced share supply and increased shareholder value, driving buying interest.
According to the Korea Exchange, as of 11:12 a.m. on November 4, Krafton shares were trading at 204,500 won, up 22,600 won (12.42%) from the previous trading day. The stock opened at 192,300 won and climbed to as high as 208,000 won during the session.
The stock's strong performance appears to be linked to the announcement made the previous day regarding the share buyback. Krafton disclosed that it plans to acquire 1,651,073 common shares for approximately 300 billion won.
According to the Financial Supervisory Service's electronic disclosure system, the share buyback will take place from today until February 3 of next year. The shares will be purchased on the securities market through Mirae Asset Securities. The number of shares to be acquired is based on the closing price of 181,700 won per share on November 2, and the actual purchase amount may vary depending on future stock price movements.
This decision is part of an ongoing shareholder return policy announced in February. Krafton included a long-term share buyback plan in its semi-annual report and had previously repurchased shares worth approximately 400 billion won earlier this year.
* This article has been translated by AI.
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