Kiwoom Securities (photo = Kiwoom Securities)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Kiwoom Securities announced on the 13th that it held a board meeting and announced plans to enhance corporate value, including plans to retire its own shares.

Kiwoom Securities plans to incinerate 2,095,345 shares, or 7.99% of the treasury stock already acquired, by one-third every year from this year to 2026.

It plans to maintain a separate net profit of more than 30% until 2025 and continue to share a three-year mid-term shareholder return policy after 2026. The dividend amount in 2023 was confirmed at 88.1 billion won, and the shareholder return rate reaches 47% when the acquisition of treasury stocks is combined with 70 billion won.

In addition, efforts will be made to strengthen profitability and growth in order to achieve an average return on equity (ROE) of 15% (based on separate financial statements) over the next three years. It plans to expand profits against risks by business sector and increase the return on low-income assets.

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