Duoao Investment Securities increases dividends to enhance shareholder value and appoints external directors

Duoao Investment Securities held a board meeting on the 3rd, confirming dividends for common shares and the appointment of new external directors, emphasizing policies aimed at enhancing shareholder value. This move is interpreted as an effort to strengthen shareholder-friendly management and consolidate market trust.

The board decided to pay a dividend of 240 KRW per common share. This amount represents a 60% increase from last year’s 150 KRW, showing a significant year-over-year rise. The total dividend amounts to 16.8 billion KRW, with a dividend payout ratio set at 41%, meeting the government’s standard for “high-dividend companies” (above 40%). This dividend policy aligns with the government’s focus on increasing shareholder value and is based on the company’s solid performance, making it noteworthy.

Additionally, the appointment of new external directors signals change. The proposal nominated Han Jong-bok, former CEO of Raum Asset Management, and lawyer Moon Jong-guk from the United States. Other agenda items include laying the groundwork for electronic shareholder meetings, changing the name of independent directors, and expanding the number of audit committee members. These changes are expected to enhance the company’s transparency and responsible management.

Duoao Investment Securities’ actions can be seen as part of its efforts to increase shareholder value. While strengthening relationships with shareholders, it also demonstrates a proactive response to government policies. The resolutions approved by the board are scheduled for final approval at the upcoming annual general meeting on the 20th.

These developments suggest that Duoao Investment Securities’ shareholder-friendly policies will continue to advance, and other companies may consider similar initiatives. This trend indicates that a future management approach based on shareholder trust will be further reinforced.