KakaoBank Confirms CEO Yoon Ho-young's Reappointment... Total Dividends Amount to 171.5 Billion KRW

Dividend Size Increases by 140% Compared to Last Year
Number of Outside Directors Rises from Five to Six, Enhancing Expertise
Three New Appointments: Experts in Finance, Accounting, and Legal Fields

▲Yoon Ho-young, CEO of Kakao Bank, is giving a greeting at the 9th regular shareholders' meeting held on the 26th at Kakao AI Campus in Yongin-si, Gyeonggi-do. Provided by Kakao Bank.

KakaoBank announced on the 26th that it reappointed current CEO Yoon Ho-young for a two-year term at the '9th Regular General Meeting of Shareholders.' Accordingly, CEO Yoon's term will last until March 2027.

CEO Yoon Ho-young has been leading KakaoBank since 2016, participating as a one-person task force (TF) from the establishment stage of KakaoBank. Just as he has strengthened KakaoBank's foundation for innovation and growth amid rapidly changing management environments and intensifying competition, it is expected that through this reappointment, he will lead the leap and expansion of innovation toward KakaoBank's future blueprint as a 'comprehensive financial platform.'

CEO Yoon Ho-young stated, "We will continue to grow as a bank that contributes to the development of the financial industry and economy by providing convenient financial life services and benefits to customers based on technological innovation, while actively practicing inclusive finance for financially vulnerable groups."

The 2024 financial statements, including cash dividends, were also approved. The year-end dividend is 360 KRW per share, totaling 171.5 billion KRW, more than double compared to the previous year (71.5 billion KRW). KakaoBank plans to continue efforts to expand shareholder returns and enhance shareholder value based on sustainable growth.

Through the resolution of the general meeting of shareholders, KakaoBank appointed new outside directors who are experts in finance, financial accounting, and legal fields: ▲ Yoo Ho-seok, former Vice President (CFO) of Samsung Life Insurance ▲ Kim Jeong-gi, former Executive Vice President (Head of Marketing Group) of Hana Bank ▲ Eom Sang-seop, partner lawyer at Jipyong Law Firm. As a result, the number of outside directors increased from five to six, strengthening the board's expertise and diversity.

Outside Director Yoo Ho-seok is a financial, asset management, and financial accounting expert who started at Samsung C&T, served as an executive in Samsung Life Insurance's asset management division, and was CFO. He also served as the inaugural head of Samsung Group's 'Financial Competitiveness Enhancement TF.' It is expected that he will provide practical advice from an integrated perspective as KakaoBank builds a cooperative ecosystem in various fields and advances as a comprehensive financial platform.

Kim Jeong-gi, who served as Executive Vice President at Hana Bank for about 25 years, also joined the board as an outside director. Kim is recognized for his high understanding of major decision-making and internal control in financial companies, having served as an outside director for financial holding companies and other financial institutions for many years.

Outside Director Eom Sang-seop is a certified public accountant who began his career at an accounting firm, passed the bar exam, served as a presiding judge at Suwon District Court, and is currently practicing as a lawyer at Jipyong Law Firm. As an expert in finance, accounting, and law with convergent work experience as both a legal professional and accountant, he is expected to contribute to protecting the rights and interests of KakaoBank's shareholders and financial consumers, effective risk management, and strengthening internal controls.

Meanwhile, on the same day, KakaoBank established an Internal Control Committee within the board of directors, reflecting the amendments to the 'Act on the Corporate Governance of Financial Companies.'