KTB Network to Pay 150 Won Cash Dividend per Share... Company Name Changed to Daol Investment

[Asia Economy Reporter Kwon Jae-hee] KTB Network announced on the 25th that it held a board meeting and resolved to pay a cash dividend of 15 billion KRW.

A cash dividend of 150 KRW per common share will be paid, with a dividend yield of 2.8% based on the market price.

The dividend details will be finalized at the regular shareholders' meeting to be held on March 21.

Additionally, KTB Network plans to propose changing its new company name to "Daol Investment" at this regular shareholders' meeting.

A KTB Network official stated, "We are focusing the company's capabilities on expanding profits and will ensure that corporate value is properly recognized based on solid performance," adding, "We plan to actively implement various shareholder return policies, including share repurchases."

Meanwhile, KTB Network recorded an operating profit of 84 billion KRW and a net profit of 64.8 billion KRW last year, achieving the highest profit in its history. Earlier in January this year, it decided to repurchase treasury shares worth 3 billion KRW and is continuing activities to enhance shareholder value by promptly pursuing a dividend of 15 billion KRW.