Search results for retained earnings
Telecommunications & Media
SKT approves tax-free dividend agenda to boost shareholder returns
SK Telecom on March 26 approved its 2025 financial statements and a dividend of 1,660 won per share at its 42nd annual shareholders meeting in Seoul. The company also passed a proposal to cut capital reserves to support “tax-free dividends” aimed at improving shareholder returns, converting 1.7 trillion won into retained earnings for dividend funding. Some articles of incorporation were revised, and new directors were elected.
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.
Industry
Lotte Wellfood appoints Seo Jeong-ho as new CEO, eyes global market expansion
Lotte Wellfood held its ninth annual general meeting of shareholders at its headquarters in Seoul on Thursday, it said. Shareholders representing 88.3 percent of voting shares attended. The meeting appointed CEO-designate Seo Jeong-ho as a new inside director. The company said it plans to accelerate global expansion and strengthen competitiveness, focusing on India by expanding Choco Pie capacity and stabilising its new Pune plant.
