Implemented a cash dividend of 12,300 won per share for 2025 (year-end 9,100 won + interim 3,200 won), total dividend 869.8 billion KRW (payout ratio of 40% on consolidated controlling interest net income), in line with the policy of 30%+ payout ratio
Revised 2027 revenue target upward from 34 trillion KRW to 36.1 trillion KRW in the value-up plan, while ROE target of 12% was already exceeded (16.3% in 2025)
Board consists of majority outside directors (3 out of 5); Audit Committee and Compensation Committee are entirely composed of outside directors, ensuring robust governance
Reaffirmed commitment to shareholder return policy of 30%+ payout ratio and announced ongoing review of additional measures such as share buybacks and cancellations
Improved dividend predictability by setting record date after the dividend decision date for year-end dividend since 2024, and amended articles to make interim dividend record dates more flexible
No designation as an unfaithful disclosure entity during the period; strengthened shareholder communication through fair disclosure and active IR activities
[AI Summary]HD Korea Shipbuilding clearly demonstrated its commitment to shareholder returns through strong 2025 performance, a significant dividend increase (from 5,100 to 12,300 won per share), and an upward revision of its value-up plan. Enhanced governance and transparency support enterprise value, and potential share buybacks provide additional upside for the stock.
KOSPI Filing Information
Filing: Corporate Governance Report Disclosure
Company: HD Korea Shipbuilding & Offshore Engineering (009540)
Submission: HD Korea Shipbuilding & Offshore Engineering Co., Ltd.