Korea Exchange Decides to Implement First Interim Dividend Since Establishment

The Korea Exchange is initiating an interim dividend for the first time since its establishment.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

On the 10th, the Korea Exchange held a board meeting and resolved to pay an interim dividend of 3,000 KRW per share (totaling 57.7 billion KRW).

This interim dividend is the first ever conducted since the exchange's founding. The exchange expects that by leading shareholder returns as the organizer of corporate value-up programs, it will contribute to establishing a shareholder-friendly corporate culture.

According to the exchange, the number and amount of interim and quarterly dividends by listed companies have generally been on the rise over the past five years. The number of interim and quarterly dividends by companies listed on the KOSPI and KOSDAQ markets increased from 50 cases in 2019 to 79 cases last year. Interim dividends rose from 26 to 30 cases, and quarterly dividends increased from 24 to 49 cases, respectively.

An exchange official stated, "The Korea Exchange will continue to maintain a shareholder-friendly dividend policy and actively support more companies to participate in the corporate value-up programs."