DAOL Investment & Securities held a board meeting on the 28th and voted to appoint Im Jae-taek, the representative of Hanyang Securities, as the new representative.
According to DAOL Investment & Securities, the Executive Candidate Recommendation Committee, which was held prior to the board meeting, recommended Im as the candidate for the new CEO, and the board submitted the internal director appointment proposal as an agenda item for the regular shareholders' meeting.
Im graduated from Seoul National University's business school and entered the financial investment industry in 1987, starting at Ssangyong Investment & Securities (now Shinhan Investment Corp.). He served as head of the marketing division at Shinhan Investment Corp., as well as the representative at IM Securities, and has been the CEO of Hanyang Securities since 2018.
The Executive Candidate Recommendation Committee of DAOL Investment & Securities highly evaluated that Im is a financial investment expert with 38 years of experience and noted the improvement in performance that has helped Hanyang Securities grow into a small but strong securities firm.
DAOL Investment & Securities decided to appoint Seo Gyu-young, the Director General of the Financial Creditor Adjustment Committee, as a new internal director audit committee member. Director General Seo graduated from Korea University with a law degree and from Korea University Graduate School with a doctorate in law, serving as the head of the human resources development division at the Financial Supervisory Service and a professor at the Financial Education Bureau.
DAOL Investment & Securities’ board also resolved to distribute cash dividends of 150 won per common share. The dividend record date is set for March 17. A representative of DAOL Investment & Securities explained, "Last year, the market environment was not favorable for small securities firms, making it difficult to expand revenue; however, we decided to distribute dividends to enhance trustworthiness by maintaining shareholder returns and dividend policies."
The proposed agenda will be finalized at the regular shareholders' meeting scheduled for March 21.