Jeju Bank is showing strong performance in the early trading session.
As of 9:47 AM on the 24th, Jeju Bank is trading at 21,000 KRW, up 4,040 KRW (23.82%) from the previous day on the KOSPI market.
This contrasts with the previous day when institutional and foreign investors sold a net 28,910 shares and 69,522 shares respectively, causing the stock price to weaken.
On the 22nd, Jeju Bank held its 63rd Annual General Meeting of Shareholders, where all agenda items, including the approval of financial statements and the appointment of directors, were passed as originally proposed.
It was also decided to pay a cash dividend of 100 KRW per share, the same level as last year.
Jeju Bank was established in 1969 to fulfill the aspirations of Jeju residents for balanced regional economic development and revitalization.
It has played a central role in the Jeju regional economy to date as a local bank.
In addition to lending services, it operates a wide range of financial businesses including card services, foreign exchange, bancassurance, sales of beneficiary certificates, securities management, and trust services.
Jeju Bank has built a total of 31 branches, including 23 branches and 6 sub-branches within Jeju Island, and one branch each in Seoul and Busan.
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