SEOUL, Nov. 30 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Friday it will buy back treasury shares worth over 250 billion won (US$223 million) to enhance shareholders' value.
Hyundai Motor will buy back 213.7 billion won worth of common stocks and 41 billion won worth of other stocks from Monday to Feb. 28, the company said in a regulatory filing.
As of 9:45 a.m., shares in Hyundai Motor were trading 3.5 percent higher at 103,000 won, outperforming the broader KOSPI's 0.16 percent gain.
Hydrogen car market draws guarded optimism
S. Korea sends strong signal to further stabilize home prices
BOK raises key rate on ballooning household debt
Protectionism, weak SUV lineup major challenges for Hyundai in 2019
Samsung BioLogics case to affect market, delisting unlikely: experts