Kangwon Land Sets Cash Dividend at 950 Won Per Share... Achieves 62.6% Total Shareholder Return Ratio

Kangwon Land Holds 229th Board Meeting
Deliberates and Resolves Eight Agenda Items Including
Approval Proposals for 2025 Fiscal Year Financial Statements,
Consolidated Financial Statements, and Business Report

Kangwon Land (Acting CEO Chulgyu Choi) announced that it held the 229th board meeting on February 27, 2026, via a video conference between the High1 Grand Hotel in Jeongseon and the Seoul office. During this meeting, the board deliberated and resolved eight agenda items, including the approval proposals for the 2025 fiscal year financial statements, consolidated financial statements, and business report.

Kangwon Land (Acting CEO Choi Cheolgyu) held the 229th board meeting on the 27th via a video conference between the Jeongseon High1 Grand Hotel and the Seoul office, deliberating and resolving eight agenda items, including the approval of the financial statements, consolidated financial statements, and business report for the 2025 fiscal year. Photo by Kangwon Land

At the board meeting, the approval proposals for the 2025 fiscal year financial statements, consolidated financial statements, and business report were deliberated. After considering a balance between shareholder returns and sustainable growth, the board decided to set the cash dividend per share at 950 won. This will be tabled as an agenda item at the regular shareholders' meeting scheduled for March 31. Based on the consolidated financial statements, Kangwon Land's sales last year amounted to 1.4767 trillion won, and its net profit reached 318.2 billion won.

The total cash dividend amounts to 188.3 billion won, which represents a payout ratio of 59.2%. This is an increase of 7.9 percentage points compared to last year's payout ratio. When combined with the planned share repurchase for 2025, the total amount returned to shareholders reaches 199.3 billion won, and the total shareholder return ratio stands at 62.6% based on net profit. As a result, Kangwon Land will achieve its total shareholder return target of 60% for the second consecutive year, as outlined in its “Value Enhancement Plan” first announced in 2024 as a public enterprise. From 2024 to February this year, Kangwon Land has increased per-share value by reducing the number of shares in circulation by 2.1% through the repurchase of its own shares totaling 80 billion won.

Regarding this dividend, the board set April 1 as the record date for dividend eligibility. This is part of a shareholder rights protection policy aimed at providing shareholders with a fair investment opportunity, by confirming eligible shareholders after the dividend amount is announced.

Additionally, the board approved amendments to internal regulations in line with the enforcement of the Special Act on Supporting the Development of Coal Industry Transition Areas. As a result, the term “abandoned mine area” will be changed to “coal industry transition area,” symbolizing forward-looking and dynamic growth.

The board also approved the convening of the 28th regular shareholders' meeting, which will be held at 10:00 a.m. on March 31 at the Grand Ballroom, Convention Tower, High1 Grand Hotel. In addition to the approval proposals for the 2025 fiscal year financial statements, consolidated financial statements, and business report, the board deliberated and resolved other agenda items to be tabled at the 28th shareholders' meeting, including: the proposed limit on remuneration for non-executive directors for 2026, the proposed limit on remuneration for executive directors for 2026, and partial amendments to the articles of incorporation to add a new business purpose for the operation of the M650 Museum, which is scheduled to open this year.

This content was produced with the assistance of AI translation services.