B2B financial AI agent company Webcash said it completed a filing on March 16 that it will cancel previously acquired treasury shares worth 8.86 billion won.

The treasury-share cancellation is the company’s second shareholder-return measure since 2023. The cancellation size is about 90 percent larger than then, and the scheduled cancellation date is March 31.

Webcash said it has continuously pursued shareholder-return policies through share buybacks and cancellations, and dividends.

In 2023, Webcash carried out a treasury-share cancellation worth about 4.7 billion won. In 2024, it bought back treasury shares worth 6.0 billion won and paid a cash dividend of 100 won per share. This year, it doubled the dividend and paid a cash dividend of 200 won per share.

Webcash said it is also pushing in earnest to transform into a financial AI agent company. It said it is shifting all of its solutions to an AI agent basis, and stressed it is securing new growth engines through SI projects in AI banking and AI MIS.

Chief Executive Won-joo Kang (강원주) said, “Webcash is continuously pursuing shareholder-return policies through treasury-share cancellations and expanded dividends,” and added, “We will strengthen corporate competitiveness and raise mid- to long-term corporate value through a business shift centered on AI agents.”