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#주주환원 2 posts

Buybacks vs Dividends in Korea: After-Tax Math and EPS

A cash dividend is taxed at 15.4% on arrival; a share cancellation shrinks the share count with no tax at all. Here is the arithmetic behind a 3.3% cancellation lifting EPS by 3.4%, plus a side-by-side after-tax table.

EconomicsAug 30, 20267 min

Stock Buyback vs Cancellation: How Share Count and EPS Actually Change

A buyback alone does not permanently shrink a company's share count. Using a case of 10 billion won in net income and 10 million shares, this piece calculates how buybacks and cancellations differ in shares outstanding, EPS, and voting rights.

EconomicsJul 26, 20264 min