Shinsegae Corporate Governance Report: 13/15 Core Indicators Compliant, Enhanced Shareholder Return Policy with Annual 200,000 Share Buyback and Dividend Growth, Smooth Implementation of Value-Up Plan
Complies with 13 out of 15 core governance indicators, ensuring independence and expertise through majority outside directors (4 of 7) and an all-outside audit committee (3 members)
Shareholder return policy: Plans to cancel at least 200,000 shares (approx. 2% of outstanding) annually from 2025 to 2027; completed 200,000 share cancellation in FY25
Dividend policy: Minimum DPS of 4,000 KRW set; targeted gradual increase from FY24 DPS of 4,000 to 5,200 by FY27, but achieved 5,200 KRW early in FY25; introduced quarterly dividends from 2026 (1,300 KRW per share for Q1)
Corporate value-up plan: Targets 10 trillion KRW consolidated revenue by 2030 and ROE of 7% by 2027; FY25 revenue reached 6.9 trillion KRW (+5.5% YoY), ROE at 4.3% (excluding non-recurring items)
Operates five board committees (Audit, Internal Transaction, Independent Director Nomination, ESG, Compensation); all committees have majority outside directors and committee chairs are outside directors
Maintains a minority shareholder protection guideline, stipulating information disclosure and appraisal rights in case of spin-offs; plans to introduce cumulative voting system after September 2026
[AI Comprehensive Analysis]This periodic governance report shows that Shinsegae is faithfully implementing transparent governance and a strong shareholder return policy. Share buybacks, dividend increases, and quarterly dividends are positive for shareholder value, and the smooth execution of the value-up plan is expected to send a favorable signal to the stock price.