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Stocks•10 June 2026•

2 min read

Woori Financial to Cancel 200 Billion Won Treasury Shares to Boost Shareholder Value

Key Facts

1Woori Financial Group plans to cancel 5,986,638 common shares with an estimated value of approximately KRW 200 billion on June 18, 2026.

2Chunghwa Telecom reported revenues of NT$19.52 billion for May 2026 with earnings per share of NT$0.44.

3Woori Financial's trust agreement for treasury share acquisition expired on June 10, 2026, leading to the return of shares for cancellation.

In a move reflecting the commitment of major Korean banks to enhancing shareholder returns, Woori Financial Group has announced plans to cancel 5,986,638 common shares with an estimated value of approximately KRW 200 billion on June 18, 2026. This action follows the expiration of the treasury share acquisition trust agreement on June 10, 2026, leading to the return of shares for cancellation. Separately, Chunghwa Telecom reported revenues of NT$19.52 billion for May 2026, with earnings per share reaching NT$0.44.

These developments occur amidst a broader trend in Asian markets to increase cash distributions and share buybacks as companies seek to elevate market valuations to compete with global peers. Looking at the regional telecommunications sector, Chunghwa Telecom has maintained operational stability compared to competitors like SK Telecom, which is heavily focusing on AI investments, per market data. The share cancellation by Woori Financial is a direct response to the South Korean authorities' "Corporate Value-up" initiative aimed at reducing the "Korea Discount" in local stock prices.

For investors, CHT stock closed at $45.12 (close June 09, 2026), with trading levels ranging between $44.61 and $45.29 during the session. Market participants should watch the execution of the share cancellation on June 18 as a potential catalyst for Woori Financial's price action. Additionally, global markets are awaiting key economic data, including U.S. Initial Jobless Claims, which could impact risk appetite across emerging markets.