Strengthening Shareholder Returns... Korea & Company Decides First Mid-Term Dividend Since Establishment

Board Resolution on Payment of Interim Dividends Worth 20 Billion Won

Korea & Company (formerly Korea Tire Group) has decided to pay an interim dividend worth approximately 20 billion KRW for the first time since its founding.

On the 29th, Korea & Company held a board meeting at its headquarters in Pangyo, Seongnam-si, Gyeonggi-do, and resolved to pay an interim dividend of 210 KRW per share this year.

The total dividend amount is about 19.8 billion KRW, which is approximately 30% of last year's final dividend. The record date for the dividend is the 14th of next month, and the dividend will be paid to Korea & Company shareholders within one month from the board resolution date.

Earlier, Chairman Cho Hyun-beom of Korea & Company announced in February that he would consider introducing an interim dividend, and in March, at the shareholders' meeting, the company resolved to amend the articles of incorporation to include provisions for interim dividends.

A Korea & Company official explained, "With this interim dividend, Korea & Company will continue to maximize shareholder value befitting its status as a global company by introducing various advanced policies in the future."