NXC Acquires ₩1.2 Trillion in Treasury Shares; Government Calls It a "Successful Sale"

NXC announced on the 11th that it acquired 184001 treasury shares on the 4th and plans to retire all of them in June. The acquisition price was ₩5558000 per share, bringing the total transaction value to approximately ₩1.02 trillion. The acquired shares represent 6.68% of NXC's total outstanding shares.

NXC, 1.2조원 규모 자사주 취득...정부 "좋은 매각 사례"

NXC stated that the purpose of the transaction was to enhance shareholder value and provide liquidity opportunities for shareholders. The company offered all shareholders an equal opportunity to sell their shares, and the deal was finalized after the second-largest shareholder, the Korea Asset Management Corporation (KAMCO), expressed its intent to participate and submitted a share transfer application.

This treasury share acquisition has altered NXC's shareholder structure. The stake held by the controlling shareholder group, including Chairperson Yoo Jung-hyun, increased from 69.36% to 76.04%. Conversely, the stake held by other shareholders, including the government, decreased from 30.64% to 23.96%. Once the treasury shares are retired in June and the total number of outstanding shares decreases, the government's stake in NXC is expected to adjust to 25.68%.

This transaction is part of the government's process of liquidating shares received as inheritance tax payments from the family of the late Nexon founder Kim Jung-ju. According to an NXC official, this is not the first time the government has liquidated its stake. The government previously participated in a treasury share acquisition conducted by NXC for all shareholders on December 8, 2025, disposing of shares worth approximately ₩46.33 billion.

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol evaluated the transaction positively during a press conference on the 11th. "It is a successful sale in that the government sold the shares at a higher price than their valuation at the time of the inheritance tax payment," Koo said. "It is mutually beneficial, as Nexon is also purchasing the shares when it has the financial capacity to do so."

This article was originally written in Korean and translated with the help of NC AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom. [Read Original]

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