Seoul Korea - Daum Kakao, one ofKorea’s largest Internet companies, announced on December 2 that it decided tosell some of its own shares to employees as part of its win-win growth programdesigned to give more motivations to its employees.
Under this program,Daum Kakao will sell 168,637 own shares to employees at a per-share price of142,100 won, the closing price of December 2. This is equivalent to about 0.3percent of Daum Kakao’s total outstanding shares.
After selling theshares to employees, Daum Kakao will have 163,941 own shares.The company plansto provide financial support to those who want to purchase the shares.This moveis part of Daum Kakao’s effort to share its post-merger growth dividends withits employees.
ADaum Kakao officialsaid, “With this decision, all employees will be motivated to lead the companyas part of shareholders. Furthermore, it will also contribute to enhancing thelong-term shareholder value of our company.”
