IS Dongseo held its 50th regular shareholders' meeting at its headquarters in Nonhyeon-dong, Gangnam-gu, Seoul, on the 27th and confirmed a cash dividend of 1,000 won per common share.
At the shareholders' meeting, five proposals were approved as originally drafted: ▲ approval of financial statements ▲ appointment of directors ▲ reduction of capital reserves and allocation of retained earnings ▲ partial amendment of the articles of incorporation ▲ approval of the limits on directors' compensation.
IS Dongseo achieved a consolidated revenue of 1.5 trillion won and an operating profit of 169.7 billion won last year.
The proposals for the reduction of capital reserves and allocation of retained earnings were approved to secure dividend resources so that shareholders can receive tax-free dividends starting from the settlement of account in the 2025 fiscal year, enabling shareholder returns and enhancement of shareholder value.
At this shareholders' meeting, IS Dongseo appointed new internal and external directors to enhance expertise. The newly appointed internal directors are Heo Pil-sik, head of the development business division, and Bae Gi-moon, head of the finance division. Professor Kang Hye-jeong of Kyemyeong University’s College of Music and Performing Arts was reappointed as an external director for three years.
An official from IS Dongseo noted, "We plan to continue strengthening communication with shareholders and stakeholders and review various measures to enhance shareholder value."