▲Site of Dongkuk Holdings’ 70th regular shareholders’ meeting. (Photo provided by Dongkuk Steel Group)
Dongkuk Holdings, the holding company of Dongkuk Steel Group, held the 70th regular general shareholders’ meeting at its headquarters in Jongno-gu, Seoul on the 22nd and re-elected Vice Chairman Jang Se-wook as an executive director.
Se-wook Jang, Vice Chairman of Dongguk Holdings, said in his remarks as chairman, “This year marks the 70th anniversary of our founding and the first year of the holding company system, and we will move forward as a 100-year company by laying the foundation for sustainable growth under ethical and law-abiding management.” He added, “We will look forward to the future by establishing a corporate venture capital (CVC) within the year.” “We will strive to secure food and return to shareholders through greater growth,” he said.
On this day, Dongkuk Holdings decided on a total of 5 agenda items: △approval of financial statements for 2023, △partial changes to the articles of incorporation, △appointment of directors, △approval of director remuneration limit, and △approval of auditor remuneration limit. A cash dividend of 600 won per share was approved.
Dongkuk Holdings changed its articles of incorporation to allow the dividend base date to be determined by resolution of the board of directors. As part of the shareholder-friendly policy, this is to enable shareholders to make predictable investments by enabling ‘investment after the dividend amount is decided in advance’.
Dongkuk Holdings reappointed Vice Chairman Jang and Strategy Director Kwak Jin-soo, whose term as internal directors expires this month, as internal directors.
Dongkuk Steel Group Dongkuk Holdings, Dongkuk Steel, and Dongkuk CM will provide an online dividend inquiry service starting this year to improve shareholder convenience. Shareholders can check dividends directly through the company website.