Dividend Policy and Procedures

Shareholder Return Policy (FY2026 ~ 2028)

Target shareholder return fund 35~40% of adjusted net profit attributable to controlling interest via a flexible mix of cash dividends and buybacks/cancellation of treasury shares.

Targeting a ‘35~40% shareholder return ratio*’ based on adjusted net profit attributable to controlling interest

* Shareholder return ratio = (total dividend+treasury shares buyback/cancellation) / Net profit attributable to controlling interest X 100 (%)

  • 1) Policy based on net profit attributable to controlling interest, adjusted to exclude non-operating and one-off valuation gains and losses (e.g., large asset impairments)
  • 2) Base dividend is discontinued; total shareholder return value is defined by the performance-linked return policy
  • 3) Shareholder returns to be managed within 35~40% based on annual earnings, by blending cash dividends and buyback/cancellation of new treasury shares

Dividend Distribution

Determining dividends before the record date

  • (Application period : 2023 end of year dividends, 2025 quarterly dividends)

Dividend History

Dividend History (bar chart) with Consolidated Payout Ratio and Dividend Yield (line chart) (FY2021–FY2025)
  • Consolidated dividend payout ratio (%)
  • Divident yield (%)
  • Dividend per share (KRW)

FY2025 Dividend History

  1. 1 Consolidated dividend payout ratio 115.0%
  2. 2 Divident yield 2.8%
  3. 3 Dividend per share 10,000KRW

Dividend Payout (Past 5 Years)

Classifiction 2021 2022 2023 2024 2025
Dividend per share (KRW) 17,000 12,000 10,000 10,000 10,000
Total dividend (KRW, million) 1,285,635 910,190 758,764 757,485 756,208
Dividend yield (%) 6.0% 4.1% 2.4% 4.0% 2.8%
Consolidated dividend payout ratio (%) 19.4% 28.9% 44.7% 69.2% 115.0%
Consolidated net profit attributable to controlling interest (KRW, million) 6,617,239 3,144,087 1,698,092 1,094,917 657,654

*Since 2H 2016, we have made quarterly dividend payments
*Dividend yield', the closing price is the arithmetic average price of the final market prices formed in the securities market announced for one week prior to the trading day immediately preceding the date on which the dividend record date is determined

Quarterly Dividends for 2026

Classifiction 2026
1Q 2Q
Dividend per share (KRW) 2,000 2,000
Total dividend (KRW, million) 151,242 151,242
Consolidated dividend payout ratio (%) 32.4% 22.1%
Consolidated net profit attributable to controlling interest (KRW, million) 467,206 684,754
Adjusted consolidated payout ratio (%) 32.4% 22.1%
Adjusted consolidated net income attributable to controlling interests (KRW million) 1) 467,206 684,754

1) No adjustments in Q1 or Q2, as no non-operating one-off valuation gains or losses (e.g., large-scale asset impairments) occurred. * Our dividend policy flexibly combines cash dividends with additional treasury share repurchases and cancellations, within a shareholder return ratio of 35–40% based on annual results.
-Shareholder return ratio = (Total dividends + new treasury share repurchases and cancellations) / Adjusted consolidated net income attributable to controlling interests x 100 (%)
* Quarterly dividends are managed using a "dividend smoothing" approach that comprehensively considers quarterly results and annual business conditions, while remaining within the target shareholder return ratio on an annual basis.

Treasury Share Policy

Completed the phased cancellation of 6% treasury shares over 3 years (FY2024 ~ 2026)

  • FY2024 : 2% shares cancellation (KRW 660 billion)
  • FY2025 : 2% shares cancellation (KRW 420 billion)
  • FY2026 : 2% shares cancellation (KRW 640 billion)

Immediate share cancellation upon new share buyback going forward

  • FY2024 : KRW 100 billion share buyback and cancellation, funded by proceeds from the divestment of non-core assets.

Treasury Shares Buyback·Cancellation History

  • Shares Repurchased (million shares)
  • Shares Cancelled (million shares)
Treasury Share Repurchases and Cancellations (FY2020–FY2026)