SK텔레콤, 자사주 869만 주 소각 완료 주주가치 제고
기존 자사주를 사실상 전량 소각한다고 발표한 바 있다
*아래는 위 기사를 구글 번역기로 번역한 영문 기사의 [전문]이다. [Below is the [full text] of an English article translated from the above article with Google Translate.
SK Telecom completes retirement of 8.69 million treasury stocks, raising shareholder value
It has been announced that virtually all of the existing treasury shares will be canceled.
[Introduction of the case/ Reporter Park Yeon-pa] = SK Telecom (CEO Park Jeong-ho) announced on the 14th that it has completed a revised listing  reflecting the retirement of 8,69 million treasury shares (10.8% of the total number of issued shares) on the Korea Exchange.
As a result, the total number of shares issued by SK Telecom as of the 13th decreased from 80.75 million to 7206 million. SK Telecom announced on the 4th that prior to the spin-off of this year, it will cancel virtually all of its existing treasury shares to enhance corporate and shareholder value.
As the total number of outstanding shares decreased due to the cancellation of treasury shares, all existing shareholders' stakes rose. Considering the overall view of the securities industry that the company's corporate value will rise after the spin-off, it is analyzed that the stock value has more potential to increase than before the retirement of treasury stocks as only the number of stocks has decreased without any change in corporate fundamentals.
SK Telecom's market capitalization as of the 13th, despite a decrease in the total number of issued stocks, reached 22.500 trillion won, an increase of about 10% from the market capitalization of about 20.5 trillion won on March 25, when the corporate restructuring was officially announced at the general shareholders' meeting.
SK Telecom's current share price also rose more than 30% compared to the beginning of the year due to market expectations for a rise in corporate value after the spin-off.
Amid this trend, the domestic and foreign securities industries are also raising SK Telecom's target price one after another. HSBC Global Research suggested a target price of 474,000 won on the 12th, and most domestic securities companies also raised it to a maximum of 410,000 won.
SK Telecom plans to complete the spin-off through a resolution of the board of directors in the first half of this year, through a general shareholders' meeting in October and relisting in November. Even after the split, including the implementation of quarterly dividends at the end of the second quarter, the company plans to firmly maintain its shareholder-friendly management stance.
 Changed listing: The item, quantity, and par value of securities already listed on the stock exchange are changed.
 SK Telecom stock price: 237,000 won on January 4, closing price on May 13, 31,2500 won
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