KakaoBank Appoints Female Outside Director... Establishes Internal Control Committee

Annual General Meeting... Settlement Dividend 150 Won Per Share

KakaoBank held its regular shareholders' meeting and appointed Professor Kim Ryun-hee of the Department of Technology Management at the Korea Advanced Institute of Science and Technology (KAIST) as a female outside director. An internal control committee will also be established to strengthen financial consumer protection and internal controls.

On the 28th, KakaoBank held its regular shareholders' meeting and approved the financial statements and the appointment of directors.

At the shareholders' meeting, the financial statements for the previous year, including cash dividends, were approved. The dividend per share was 150 KRW, totaling 71.5 billion KRW, an 87% increase compared to the previous year. To enhance dividend predictability for shareholders, the related provisions were amended to allow the dividend record date to be set after the dividend declaration date.

Additionally, through amendments to the articles of incorporation, the basis for establishing an internal control committee within the board of directors was prepared. This is in accordance with the revision of the "Act on the Corporate Governance of Financial Companies." The internal control committee will be established in the future to strengthen financial consumer protection and internal controls.

A female outside director was also newly appointed. Associate Professor Kim, an expert in technology management and economics, is expected to provide valuable advice from an integrated perspective of technology and management as KakaoBank leads the market with innovative financial services.

Kim Bu-eun, former Executive Director of Operations Support at Seoul Guarantee Insurance, will join the board as an outside director, and Kwon Dae-yeol, Chair of the Kakao CA Council ESG Committee, will join as a non-executive director. Inside directors Kim Kwang-ok, Vice President of KakaoBank, and outside directors Jin Woong-seop, Hwang In-san, and Choi Soo-yeol were reappointed.

Yoon Ho-young, CEO of KakaoBank, stated, "Following our efforts to lower the financial barriers so that everyone can enjoy beneficial financial services, we will continue to return more benefits to customers through technology-based innovation this year and develop into a bank that contributes to the financial industry and economic development."

Yoon Ho-young, CEO of Kakao Bank, is delivering a greeting at the 8th regular shareholders' meeting held on the 28th at Gyeonggi Startup Campus in Seongnam, Gyeonggi Province.
[Photo by Kakao Bank]