Kakao Bank to cancel its treasury shares amid pay dispute

Kakao Bank plans to cancel about half of its treasury shares and reserve the rest for employee compensation, a move that could serve both its shareholder-return goals and efforts to defuse an ongoing pay dispute. The internet-only lender said it planned to seek approval for its treasury share retention and disposal plan at its 2027 annual shareholders' meeting, with the 270,000 shares to be canceled within the legally required period. As of end-June, Kakao Bank held 532,334 treasury shares. The