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Korea Steel

Cancellation of 1.76M Treasury Shares (5.8% of Outstanding) to Boost Shareholder Value


  • Plan to cancel 1,760,115 common shares (approx. 5.79% of total outstanding) on May 28, 2026.
  • Cancellation amount: approx. KRW 4.82 billion (based on pre-split price of KRW 1,369 per share).
  • Treasury shares acquired from December 19, 2024 to May 7, 2026.
  • Total outstanding shares after cancellation remain 30,406,655 (post-split).
  • Cancellation of treasury shares acquired within distributable profit, no capital reduction.
  • Purpose: enhancement of corporate value and shareholder value.
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KOSPI Filing Information


  • Filing: [Correction of Description] Decision on Cancellation of Shares
  • Company: Korea Steel (007280)
  • Submission: Korea Steel Co., Ltd.
  • Receipt: 05-21-2026
  • Under KRX KOSPI Market Division