Daol Investment & Securities said on the 20th that it held a regular shareholders meeting and a board meeting and reappointed President Hwang Jun-ho as chief executive officer.
Daol Investment & Securities said at the 46th regular shareholders meeting held that day that it decided on a 240 won cash dividend for common shares and appointed outside directors.
All agenda items submitted at the shareholders meeting passed as originally proposed.
For the settlement of account dividend, a cash dividend of 240 won per common share was confirmed. This is a 60% increase from a year earlier. The total dividend amount is 16.8 billion won, including Type 1 and Type 2 preferred shares. The payout ratio is 41%, meeting the government's high-dividend company requirement.
New outside directors are Han Jong-bok, former chief executive officer of Raum Asset Management, and Moon Jong-guk, a U.S. attorney.
In addition, the following agenda items were approved: ▲ approval of financial statements and consolidation financial statements ▲ amendment of the articles of incorporation ▲ approval of compensation limits.