KakaoBank Considers Share Buyback and Cancellation

[Asia Economy Reporter Kim Hyung-min] KakaoBank announced on the 7th that it plans shareholder return policies such as share repurchase and cancellation to enhance shareholder value and strengthen shareholder-friendly management. The scheduled timing is around March next year, when the shareholders' meeting for the 2022 fiscal year settlement is approved. The scale of share repurchase and cancellation is expected to be within the scope of business performance and distributable profits.