KakaoBank Holds Regular Shareholders' Meeting... CEO Yoon Ho-young's Reappointment Confirmed

Resolution for 38.1 Billion Won Cash Dividend

KakaoBank held a shareholders' meeting on the 29th, reappointing CEO Yoon Ho-young and resolving a cash dividend.

CEO Yoon's reappointment was confirmed at the 7th regular shareholders' meeting. His term is two years, lasting until March 2025. He has led KakaoBank since its establishment, spearheading its founding in 2016.

CEO Yoon stated, "We will continue to provide better benefits and value to customers through technology-based innovation, strengthen inclusive finance, and become a bank that contributes to the development of the financial industry and the economy."

Song Ji-ho, CEO of Crust Universe, joined the KakaoBank board as a non-executive director. Outside directors Jin Woong-seop, Choi Soo-yeol, and Hwang In-san were reappointed.

A cash dividend amounting to 38.1 billion KRW was also resolved. It is 80 KRW per common share. KakaoBank explained, "Based on last year's financial results, distributable profits were generated, and the dividend was decided to enhance shareholder value while maintaining high financial soundness."

Additionally, seven proposals, including partial amendments to the articles of incorporation, appointment of audit committee members, approval of director remuneration limits, and approval of stock option grants, were passed as originally proposed.

[Image source=Yonhap News]

This content was produced with the assistance of AI translation services.