A binge over today’s profits may please shareholders for now, but it can translate into a doom for both the company and its stakeholders in the future.
JB Financial Group's board rejected shareholder proposals from its second largest shareholder, including an increase of the dividend payout ratio.
Major listed companies in Korea cut their dividends by nearly 14 percent in 2022 from a year earlier amid an economic slump, a corporate tracker said Tuesday.
The financial regulator pressured banks to improve corporate governance and raise transparency.
In line with continuing efforts to battle the "Korea discount," the Financial Services Commission (FSC) will encourage companies to announce the dividend payout amount earlier, in line with international standards.
Profit generated from the trading of fractional shares will not be taxed, according to the finance ministry.
Korea recorded a current account surplus in May, a rare bight spot for the country as it struggles with a falling currency, runaway inflation and weak stocks.
Samsung Electronics was the world's biggest payer of dividends in the second quarter, according to British asset manager Janus Henderson.
KB Financial Group will pay an interim dividend for the first time ever.
Park Chul-whan, Kumho Petrochemical senior vice president, middle, attends a press conference at Westin Chosun Hotel in central Seoul on Thursday.
Korea JoongAng Daily Sitemap