[Market Focus] Abko Rises on News of 6.8 Billion Won Treasury Share Retirement

Abko is showing strong performance. This is interpreted as being influenced by the news of a 6.8 billion won worth of treasury shares being retired.

As of 9:48 a.m. on October 20, Abko is trading at 1,085 won, up 5.44% from the previous day.

On this day, Abko announced that it will retire 5,097,808 treasury shares previously acquired. The planned retirement amount is 6,767 million won. This represents 10% of the total number of issued shares.

The purpose of the treasury share retirement is to "enhance shareholder value."