[Featured Stock] Hyundai Motor 2WoB Rises on Expanded Shareholder Return Policy

Hyundai Motor Company preferred shares are showing strength. This is interpreted as a buying spree following Hyundai Motor's recently announced expanded shareholder return policy.

As of 9:24 AM on the 29th, Hyundai Motor 2nd preferred B shares are trading at 185,100 KRW, up 4.76% from the previous day.

On the previous day, Hyundai Motor held the '2024 CEO Investor Day' at the Conrad Hotel in Yeouido, Seoul, and announced plans to increase dividends by 25% starting in 2025 and to repurchase 4 trillion KRW worth of treasury shares. Through this, they aim to achieve a total shareholder return (TSR) of 35% over three years.