Korea Development Bank to Pay 758.7 Billion KRW in Dividends to Government

Korea Development Bank held its regular shareholders' meeting on the 28th and resolved to pay dividends amounting to 758.7 billion KRW, the bank announced on the 31st. This figure is 119.4 billion KRW less than last year's amount of 878.1 billion KRW.

Last year, Korea Development Bank secured stable operating profits by expanding its early gap industry support program and launching a special semiconductor facility investment support program, supplying a total of 87.9 trillion KRW in funds, achieving approximately 2 trillion KRW in net income for the period.

The bank has contributed to strengthening government fiscal soundness by paying dividends of 1.8 trillion KRW to the government over the past three years. Through internal reserves, retained earnings increased by 5.5 trillion KRW, significantly enhancing the institution's financial stability, according to the bank.

A representative from Korea Development Bank stated, “As a leading domestic policy financial institution, we have faithfully played the role of a safety net for our economy by normalizing the management of key companies, including the integration of Korean Air and Asiana Airlines and the recovery of related public funds, as well as the prompt and orderly workout of Taeyoung Construction. We have also continuously strengthened our financial capabilities for policy finance by achieving eight consecutive years of profitability through establishing a stable revenue base.”

They added, “Going forward, based on continuous profit generation, we will continue to actively respond to government policies by supporting areas where private capital investment is difficult, such as fostering advanced strategic industries, creating green and innovative ecosystems, driving regional growth, supporting corporate restructuring, and stabilizing financial markets.”

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