Kangwon Land's board of directors, cash dividend of KRW 950 per share

*This content was translated by AI.

Kangwon Land held the 229th board meeting through a video conference between Jeongseon High1 Grand Hotel and Seoul Office on the 27th and deliberated and decided on eight agendas, including approval (draft) of financial statements, consolidated financial statements and business reports for fiscal year 2025.

On this day, the board of directors deliberated on the approval (draft) of financial statements, consolidated financial statements and business reports for fiscal year 2025, and decided to set the cash dividend per share at 950 won in consideration of the balance between shareholder return and sustainable growth, and put it on the agenda for the regular general shareholders' meeting to be held on the 31st of next month. Kangwon Land's sales last year were KRW 1.4767 trillion based on consolidated financial statements, and its net profit was KRW 318.2 billion.

The total amount of cash dividends is KRW 188.3 billion, which is 59.2% of the dividend payout ratio, and this is the result of applying an increase of 7.9%p compared to last year's dividend payout ratio. The total shareholder return combined with the share buyback in 2025 is KRW 199.3 billion, and the total shareholder return rate compared to net profit is 62.6%. As a result, Kangwon Land will achieve the total shareholder return rate of 60% for the second consecutive year under the "Corporate Value Enhancement Plan" announced for the first time by a public company in 2024.

An official from Kangwon Land who spoke to this newspaper by phone said, "The board has decided to set the dividend base date as April 1. "This is part of our policy to protect shareholders' rights and interests to provide shareholders with reasonable dividend investment opportunities by determining which shareholders will receive dividends after announcing the dividend amount," it said,

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*This content was translated by AI.