[Concall] LG Chem "Considering Treasury Stock Disposal Gains, Decided 10,000 KRW Dividend Per Share"
[Asia Economy Reporter Hwang Yoon-joo] LG Chem announced on the 27th during the Q4 2020 earnings conference call that "the dividend for 2020 has been set at 10,000 KRW per common share."
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An LG Chem official explained, "Although the net income for 2020 appears somewhat low compared to the solid operating profit, there was a gain on disposal of treasury stock amounting to approximately 420 billion KRW under accounting standards upon the conversion of exchangeable bonds. Taking this non-recurring gain into account, the dividend was decided at 10,000 KRW per share."
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