Yuanta Securities Korea held its regular shareholders' meeting on the 26th at the Anchor1 building in Yeouido, Seoul, and announced that all proposed agenda items passed as originally intended.
The company decided on a settlement of account dividends of 200 won per common share (market dividend rate of 7.8%) and 250 won per preferred share (market dividend rate of 8.7%). The dividend payment reference date is set for the 31st. Considering the payment lag, shares must be held until the 27th to receive the settlement of account dividends.
An amendment to the articles of incorporation was also approved as originally intended. Yuanta Securities Korea plans to reflect amendments to the Financial Company Governance Act by adding board resolutions and establishing an internal control committee within the board.
At the shareholders' meeting, Luo Zifeng, the CEO of Yuanta Securities Korea, noted, "Despite the uncertain market conditions this year, each division and headquarters of Yuanta Securities Korea will strengthen its unique capabilities to respond flexibly to the market and bolster profitability. We will strive to enhance customer satisfaction and increase corporate value to improve shareholder value."