[Featured Stock] SK Innovation Surges Over 13% Intraday Following Shareholder Return Plan Announcement

SK Innovation's stock price is showing a sharp rise.

At 11:31 AM on the 30th, SK Innovation was trading at 186,000 KRW, up 13% from the previous trading day. On that day, the company's stock price soared to as high as 193,200 KRW during the session.

On the same day, SK Innovation announced that it would acquire treasury shares (approximately 10% of market capitalization) through a tender offer linked to SK On's initial public offering (IPO), and that the consideration would be paid in SK On shares, among others. Additionally, the company explained that it plans to provide a cash dividend guideline of at least 2,000 KRW per share for 2024?2025.