KakaoBank said on Wednesday it held its 10th annual general meeting and approved key agenda items as proposed, including approval of financial statements and the appointment of directors.

The meeting newly appointed KakaoBank Vice President Kim Geun-su (김근수) as an inside director. Kim previously worked at Korea Investment & Securities in the Product Strategy Department and the WM Strategy Department, and served as head of the Management Administration Office at Korea Investment Holdings.

KakaoBank said it expects Kim to contribute to future management stability and enhancing corporate value, based on his understanding of the broader financial industry and his management experience.

The meeting appointed former SGI Credit Information CEO Nam Sang-il (남상일) as a new outside director. It appointed Korea Advanced Institute of Science and Technology Associate Professor Kim Ryun-hee (김륜희) of the Graduate School of Management of Technology and the Graduate School of Data Science as an outside director who will serve on the audit committee.

It also passed agenda items under the revised Commercial Act. They include deleting a clause excluding cumulative voting, introducing electronic shareholders meetings and changing the name of outside directors to "independent directors".

KakaoBank also approved its 2025 financial statements. The year-end dividend was 460 won per share, totalling 219.2 billion won, up 28 percent from 171.5 billion won a year earlier. This is about half of net profit for the period, and the total shareholder return ratio is 45.6 percent.

KakaoBank CEO Yun Ho-young (윤호영) said the bank will continue to roll out customer-centric innovative financial services and make the leap to a comprehensive financial platform. He said the shareholder return policy will help ensure growth results lead to greater shareholder value.