Isang Networks Announces 100 Won Cash Dividend Per Share Following Stock Dividend

Isang Networks, a company engaged in B2B e-commerce, announced on the 28th through a public disclosure that it has decided to pay an additional cash dividend of 100 KRW per share following the interim dividend.

The total dividend amount is approximately 983.31 million KRW, and the cash dividend payout ratio for 2023 is 23.0%. In addition, the company plans to cancel treasury shares equivalent to 20% of net income and implement a bonus issue of the same scale.

Already in September last year, as part of the first shareholder return measure for 2023, the company conducted an interim dividend in kind by distributing 1 million common shares of its subsidiary Messe Isang. At that time, the per-share value of the dividend in kind was 670 KRW, and the total dividend amount was 3.05701 billion KRW. Combining all dividend policies implemented in 2023, the company has returned approximately 4 billion KRW in dividends to shareholders.

The company’s “Treasury Share Cancellation and Bonus Issue Policy,” announced through a fair disclosure in April last year, is scheduled to be implemented for at least five years starting this year and is expected to serve as a foundation for long-term shareholder value growth.

Regarding the company’s shareholder return policy, the IR officer stated, “While actively pursuing shareholder return policies, we are actively reviewing the government’s recently announced ‘Corporate Value-Up Program,’” and added, “We expect it to have a significant impact on increasing shareholder value by creating synergy effects together with existing policies.”

Isang Networks’ consolidated sales for 2023 reached 82 billion KRW, a 17.6% increase compared to the previous year, and operating profit grew by 13.8% to 15.1 billion KRW. A company representative said, “We plan to expand our overall business this year,” and added, “We expect continuous sales growth amid the same growth trend as last year.”