There has been a surge in the number of share buybacks in Korea in the past week as a result of the significant recent decline in the stock market. In this insight, we delve into these recent share buybacks in Korea as these stocks could outperform in this difficult market environment.
In this report, we represent 80 companies that announced share buyback programs from March 11th to 17th. Many of these companies have experienced 40-50%+ decline in their share prices in the past two months. The number of Korean companies that have announced share buybacks in the past two weeks has been one of the highest ever in the past several years, suggesting that many Korean companies believe that their companies' share prices are undervalued.