Search results for Korea Investment Holdings
Finance
KakaoBank appoints Kim Geun-su as inside director at shareholders meeting
KakaoBank said on Wednesday it held its 10th annual general meeting and approved key agenda items as proposed, including approval of financial statements and director appointments. The bank appointed Vice President Kim Geun-su as a new inside director and named former SGI Credit Information CEO Nam Sang-il as an outside director. It also passed items under the revised Commercial Act, including removing a clause excluding cumulative voting and introducing electronic shareholders meetings.
Finance
Securities industry enters first annual meeting season after Commercial Act revision; what to watch
South Korea\'s securities industry has entered its regular annual shareholder meeting season, the first since a revision to the Commercial Act. Firms are reviewing governance changes, CEO appointments and shareholder return policies as well as performance. Key items include management lineups, revisions to corporate charters in line with the amended law, and expanded shareholder returns through dividends and treasury share cancellations. Some brokerages are keeping current leadership while others move to new CEO structures.
Finance
Brokerages join \'value-up\' boom with record shareholder returns
South Korean brokerages are announcing unusually large shareholder return policies ahead of annual meetings. Korea Investment Holdings approved a cash dividend of 8,690 won per common share, up 118.1% from a year earlier. Mirae Asset Securities combined cash and stock dividends and included a treasury share cancellation. Samsung Securities and Kiwoom Securities set high per-share dividends, while smaller firms such as Hanyang Securities and DB Securities posted high dividend yields.
