LG Corp plans to cancel $385M in shares, introduce semi-annual dividends, and invest in AI, biotech, and clean tech by 2026.

South Korean conglomerate LG Corp plans to cancel shares worth 500 billion won by 2026 and introduce semi-annual dividends to enhance shareholder returns. The company will focus investments on areas like AI, biotech, and clean technologies. LG Group affiliates, including LG Display, LG Innotek, LG Chem, and LG Energy Solution, will also develop programs to boost financial health and foster new businesses.

November 22, 2024
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