LG Uplus has acquired 90 billion won worth of treasury shares to enhance shareholder value. It also decided to pay an interim dividend, approximately 8% higher than last year's amount.
LG Uplus announced on the 29th that its board of directors approved the acquisition of 90 billion won worth of treasury shares. This share buyback is part of the "Value-up Plan," a corporate valuation enhancement initiative announced in November 2024. The Value-up Plan includes medium- to long-term financial targets and shareholder return policies.
In August last year, LG Uplus retired approximately 100 billion won worth of treasury shares based on book value. In May this year, it also fully retired an additional 80 billion won worth of self-owned shares purchased since the previous year.
Additionally, LG Uplus decided to pay an interim dividend of 270 won per share for this year. The record date for the interim dividend is the 13th of next month, and dividends are scheduled to be paid on the 28th of next month.
Furthermore, LG Uplus disclosed that it has decided to invest an additional 1.3 trillion won to construct Phase 2 of the Paju AI Data Center (AIDC). LG Uplus is currently building a 200 MW-scale AI data center, the largest in the Seoul metropolitan area, in Paju, Gyeonggi Province.
The Paju AI Data Center serves as a core hub of the "One LG" AI infrastructure, integrating LG Electronics' liquid cooling solutions, LG Energy Solution's high-performance UPS batteries, and LG Uplus' data center operational capabilities. The first computer building, scheduled for completion in June next year, is already fully sold out. Additional investment funds will be used for construction and equipment investment in Buildings 2 and 3, as well as design work for Building 4.
in TECH
