Search results for capital reserve
Games & Commerce
Kakao Games secures funds for shareholder returns, executives buy 500 million won of treasury shares
Kakao Games said on Aug. 24 that its co-CEOs Kim Tae-hwan and Lee Si-woo and other executives bought a total of 500 million won worth of its own shares. The company approved plans covering the holding and disposal of treasury shares, as well as deficit coverage and transferring a capital reserve to retained earnings. It will cut a 1.54 trillion won capital reserve and use it for future shareholder return policies. It also plans to introduce RSUs using 350,000 treasury shares.
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.
