Mgame will cancel all treasury shares it has already acquired to enhance shareholder value. The company disclosed it will cancel 430,000 shares bought on the open market in May, equal to about 2.24 percent of issued shares. It also approved an additional buyback worth about 2 billion won, to be conducted through the Kosdaq market by Sept. 26, with shares to be cancelled later.

Major South Korean game companies are strengthening shareholder return policies by introducing dividends or expanding share cancellations. The moves come as the KOSPI has climbed sharply over the past year and entered record territory, while game stocks have been relatively left behind. Companies including Krafton, Netmarble, Pearl Abyss and Webzen outlined payouts, buybacks and cancellation plans. The shift is also linked to small-shareholder pressure and discussions on corporate value-up policies.