Hyundai Department Store Group to Hold 'Integrated IR' in Yeouido... "Strengthening Shareholder Communication"

Held for the Second Consecutive Year Following Last Year
Participation of 10 Listed Affiliates Including Hyundai GEF Holdings

Hyundai Department Store Group announced on the 16th that it will hold an integrated corporate activity (IR) event called 'Corporate Day' for institutional investors. Following the announcement of value-up (corporate value enhancement) plans for the holding company and major affiliates last month, the group plans to continue shareholder-friendly management by strengthening communication with the market.

Exterior view of Hyundai Department Store Apgujeong Main Branch.

On the 17th, Hyundai Department Store Group will hold an IR event at ShinYoung Securities in Yeouido, Seoul, with participation from 10 listed companies within the group, including Hyundai Department Store, Home Shopping, and Green Food. This is the second year the group is conducting an IR event for institutional investors at the group level, following last year.

The IR event, hosted by ShinYoung Securities, will be attended by numerous institutional investors such as ShinYoung Asset Management, KB Asset Management, and Korea Investment Trust Management. Executives in charge of IR from the 10 listed companies of Hyundai Department Store Group will provide detailed explanations on business overviews, next year's business environment outlook, key strategies, and value-up plans.

Hyundai Department Store Group is holding the IR event for the second consecutive year to strengthen communication with shareholders and achieve value-up. Last month, four major affiliates of the group, including the holding company Hyundai G.F. Holdings, Hyundai Department Store, Hyundai Green Food, and Handsome, announced their value-up plans.

According to the value-up plans, Hyundai G.F. Holdings will increase its control over high-quality subsidiaries to expand dividend income. It has set a mid-to-long-term goal of achieving an equity investment return rate exceeding 4%, which surpasses market interest rates, and based on this, will implement a semi-annual dividend of over 10 billion KRW starting next year, separate from the existing year-end dividend. The total annual dividend payout will also be gradually increased to 50 billion KRW by 2027.

Hyundai Department Store will focus on business expansion centered on new store openings such as The Hyundai Gwangju and Busan Premium Outlets, and enhance the business competitiveness of its subsidiaries, including duty-free shops and Zinus. Hyundai Department Store plans to invest 1.2 trillion KRW in The Hyundai Gwangju and 700 billion KRW in the Busan Premium Outlet. Through this, it aims to raise its return on equity (ROE), an indicator of profitability relative to capital, to about 6%, exceeding the department store industry average within the next three years.

Hyundai Green Food will strengthen the profitability of its core group meal service business and expand investments in future growth businesses such as care food. It targets a price-to-book ratio (PBR) of over 0.8 within three years and plans to repurchase and cancel about 2% of its treasury shares annually, totaling 10.6% by 2028. Handsome will also work on strengthening global competitiveness of brands like Time and System and expanding its import portfolio.

A Hyundai Department Store Group official said, “Following the value-up disclosure, we are holding a group-wide IR event to strengthen communication with the market and enhance corporate value. Going forward, we will actively share management strategies, investment information, and business progress of each listed company with shareholders to further increase corporate value.”