Emart: "25% Minimum Dividend Increase... Ongoing Value-Up Execution"

Disclosure of Value-Up Plan
Additional Cancellation of 280,000 Treasury Shares Planned

Emart announced a value-up plan on the 11th that includes a 25% increase in the minimum dividend and the cancellation of treasury shares.

Under the plan to raise the minimum dividend by 25%, last year's dividend per share was set at 2,500 won, an increase of 500 won from the previous 2,000 won. It is scheduled to be finalized after approval at the shareholders' meeting next month.

Emart headquarters. Photo by Cho Yongjun

In addition, with the goal of canceling treasury shares equivalent to at least 2% of the total number of shares issued, the company canceled 280,000 shares in April last year and plans to cancel an additional 280,000 shares this year.

At the same time, the company explained that it has continued to improve growth and profitability by diversifying structural innovation such as opening new stores and carrying out renewals, and by innovating its business structure based on integrated synergies as a key achievement in enhancing corporate value.

An Emart official said, "We are continuing our efforts to enhance predictability and reliability through active communication, and we will further strengthen our investor relations (IR) activities to continuously expand communication with the market in the future."

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