Xeom announced Monday it will acquire 3,523,608 of its own shares on the open market.
The buyback is valued at 5 billion won ($3.25 million) and is scheduled to run from Tuesday through Aug. 6.
"As part of our shareholder return policy to enhance corporate value, we plan to cancel the shares following the buyback," the company said.
jiyoon436@heraldcorp.com
