Mobile network operator SK Telecom has announced, in a filing with the Korea Stock Exchange, that it plans to buy back W201.6bn (US$191m) worth of its own shares.
The repurchase of 1.4 million common shares is aimed at boosting shareholder value and will…
Mobile network operator SK Telecom has announced, in a filing with the Korea Stock Exchange, that it plans to buy back W201.6bn (US$191m) worth of its own shares.
The repurchase of 1.4 million common shares is aimed at boosting shareholder value and will take place between 21 July and 20 October.
SK Telecom had said several weeks ago, that it would bid for a stake in local Hynix Semiconductor, the world’s second largest computer memory chipmaker.
If successful, the transaction would be another move by SK Telecom to diversify its operations, away from South Korean’s saturated telecom market.
