Korea Construction Financial Cooperative (the cooperative) said it held the 136th regular general meeting on the 17th at the Construction Association Hall in Nonhyeon-dong, Gangnam District, Seoul, and approved the 2025 business year settlement of account (draft) and the statement of appropriation of retained earnings (draft), among other items.
The finalized settlement of account shows revenue of 621.8 billion won and expense of 505.2 billion won. Net income for the period is 100.8 billion won.
Key resolutions include paying 70.6 billion won of the 100.8 billion won in net income as a cash dividend to members (17,000 won per unit) and setting aside 30.1 billion won as a legal reserve. The dividend is scheduled to begin payment next week after preparatory procedures.
A cooperative official said, "The portion set aside as a legal reserve will increase the cooperative's capital to maintain a sound financial position, becoming a solid resource to overcome the construction industry crisis."
At the meeting, members also approved an amendment to the articles of association to allow the cooperative to handle real estate project financing (PF)–related guarantees that guarantee loans for real estate development projects and real estate mortgage loans to repay those loans, for ordering parties (real estate developers) who have signed construction contracts with members.
A cooperative official said, "Through continuous management efficiency improvements, we will further strengthen our financial base, and by proactive risk management and AI and digital innovation in line with the times, we will further enhance the cooperative's business competitiveness and faithfully fulfill our role as a reliable partner to the construction industry."