WebCash, a B2B financial AI agent company, will buy an additional 3 billion won worth of treasury shares to raise shareholder value. The company decided on the additional purchase after dividends and the cancellation of treasury shares, continuing its shareholder return policy.
WebCash said on Wednesday its board decided to sign a trust contract to acquire treasury shares worth 3 billion won.
The buyback follows WebCash’s view that the current share price does not fully reflect its business competitiveness and growth potential. WebCash plans to show the market its confidence in corporate value and its commitment to shareholder returns through the purchase.
WebCash declared last year it would transform into a financial AI agent company and is pushing to convert its existing cash management solutions into AI agents.
WebCash CEO Won-joo Kang (강원주) said, "I will work to ensure that WebCash’s corporate value can be clearly recognized in the market through a sustained shareholder return policy and tangible results from the financial AI agent business."
Ji-young Lee
ljy@d-today.co.kr