Search results for capital reserve
Finance
Shinhan Financial chief Jin Ok-dong confirmed for second term
Shinhan Financial Group confirmed the second term of Chairman Jin Ok-dong (진옥동) after shareholders approved his appointment at the group’s 25th annual general meeting on March 26. The decision means Jin will lead Shinhan Financial for another three years, through March 2029. Shareholders also approved a proposal to reduce a 990 billion won capital reserve and transfer it to retained earnings, and to rename outside directors as independent directors.
AI & Enterprise
Inorules decides 220 won tax-free dividend per share
Inorules, an artificial intelligence solutions company, disclosed on Monday that it has decided on a cash dividend of 220 won per share. The company approved the plan at a board meeting on Feb. 2, according to South Korea’s electronic disclosure system. The total dividend is about 1.1 billion won and the dividend yield is 3.8 percent. The payout will be made through a capital reserve reduction, providing tax exemption in certain cases.
Games & Commerce
Neowiz unveils mid-to-long-term shareholder returns policy, to return 20 percent of operating profit annually
Neowiz announced a mid-to-long-term shareholder returns policy, pledging to return 20 percent of the previous year’s consolidated operating profit annually. To ensure stable implementation, it will guarantee at least 10 billion won in yearly shareholder returns for the 2025 to 2027 fiscal years regardless of performance. Of the minimum, 5 billion won will be used to buy back and cancel shares, with 5 billion won paid as cash dividends.