Samyung Trading Discloses Corporate Governance Report: Strengthened Shareholder Return Policy and Governance Status
Shareholder return policy: Target to return at least 25% of consolidated net income; over 3 years, distribute 180,000 treasury shares annually as stock dividends and use remainder for employee compensation
Dividend for current period: Cash dividend of KRW 1,181 per share (yield 6.7%), plus stock dividend of 0.01014421 share per share, total payout KRW 20.97B (70% increase YoY)
Board composition: 5 members (2 inside, 3 outside); all outside directors serve on audit committee ensuring independence
Corporate governance compliance: 6 out of 15 core indicators met (40%) – e.g., 4-week notice for AGM, dividend predictability, majority outside directors; deficiencies include no electronic voting, no cumulative voting, no CEO succession plan, no risk management policy, no board gender diversity
Related party transactions: No separate control system; information centralized at disclosure department; transaction volume KRW 66.8B (57.5% increase YoY, including major dividend income)
Value-up plan: Voluntarily disclosed on March 27, 2026; approved by board and shareholders; benefits from separate taxation on dividend income for high-dividend companies
No history of sanctions for unfair disclosure; never designated as a unfaithful disclosure company