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NHN is experiencing a surge in its stock prices following the announcement of its share buyback and cancellation plans. As of 9:17 AM on the 24th, NHNs stock price increased by 1,650 won (6.31%) to reach 27,800 won. During trading, the stock even peaked at 28,650 won.

This rise in stock price is interpreted as a response to improved investor sentiment following the company’s announcement of its shareholder return strategy. The day before, NHN revealed that it would cancel 1,012,984 shares of its already acquired treasury stock, amounting to approximately 22.3 billion won. The cancellation is scheduled to take place on November 11. According to the previously announced 2025 Shareholder Return Policy, NHN plans to cancel 3% of its total issued shares.

Additionally, NHNs board of directors has decided to initiate further share buybacks. The company plans to directly acquire 478,784 shares from the market starting today until January 23 of next year.

In a related development, NHN announced that it would absorb its venture capital subsidiary, NHN Investment Partners. The merger contract is set to be signed on October 31, with the merger completion scheduled for December 29. Established in 2016, NHN Investment Partners is a wholly-owned venture capital subsidiary of NHN.

Last year, NHN Investment Partners recorded a revenue of 24.4 billion won and a net profit of 9.4 billion won. NHN stated that this absorption merger is part of its efforts to enhance the efficiency of its group structure, aiming to concentrate business capabilities around the parent company.

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