LG Electronics to Pay 1,200 KRW Cash Dividend per Share... Electronic Voting System to Be Introduced from March Shareholders' Meeting

[Asia Economy Reporter Suyeon Woo] LG Electronics has decided on a cash dividend of 1,200 KRW per share and will introduce an electronic voting system starting from March this year.

On the 28th, LG Electronics held a board meeting and resolved to introduce the electronic voting system, approve dividends in cash and in kind, and approve the financial statements and business reports.

LG Electronics decided to implement the electronic voting system from the shareholders' meeting scheduled for March this year to make it more convenient for shareholders to exercise their voting rights. This decision reflects the increased demand from shareholders for non-face-to-face online participation.

LG Electronics will provide cash dividends of 1,200 KRW per share for common stock and 1,250 KRW per share for preferred stock. These dividends will be finalized after approval at the shareholders' meeting scheduled for March. Last year's dividends were 750 KRW and 800 KRW, respectively.

LG Electronics achieved consolidated sales of 63.262 trillion KRW, operating profit of 3.195 trillion KRW, and net profit of 2.0638 trillion KRW last year. Operating profit and net profit increased by 31.1% and 1,046.9%, respectively, compared to the previous year.

According to the disclosure regulations of the Korea Exchange, listed companies must disclose if sales or profits change by more than 30% compared to the previous year. For large corporations with total assets exceeding 2 trillion KRW, the threshold is 15% or more.

LG Electronics plans to announce performance results by business division on the afternoon of the 29th.