[Featured Stock] DSC Investment Surges Over 15% Ahead of Treasury Stock Cancellation

Scheduled First Treasury Stock Cancellation on the 15th, Scale of 1 Billion KRW
Four Consecutive Trading Days of Increase Following Treasury Stock Cancellation Decision
Maintaining Stable Performance Since 2020

DSC Investment is showing strength ahead of its treasury stock cancellation.

As of 9:13 AM on the 11th, DSC Investment is trading at 4,625 KRW, up 15.07% (605 KRW) compared to the previous close. This marks the fourth consecutive trading day of gains since the decision to cancel treasury stock was announced on the 6th. The stock, which started at 4,350 KRW on the day, rose immediately in early trading. The 52-week high of 5,140 KRW recorded on January 23 is also within reach.

On the 6th, DSC Investment announced the cancellation of 315,278 shares of treasury stock, which is about 31% of the 1,015,278 shares currently held. The amount to be canceled is approximately 1.19347 billion KRW. The cancellation date is set for the 15th. Additionally, a cash dividend of 40 KRW per common share was decided, with the total dividend amounting to about 1 billion KRW.

DSC Investment is one of the venture capital (VC) firms maintaining stable performance. It posted a record operating profit of 29.2 billion KRW in 2020, followed by 16.1 billion KRW in 2021 and 18.1 billion KRW in 2022. Last year’s results have not yet been announced. CEO Yoon Geon-su of DSC Investment currently serves as the chairman of the Korea VC Association.