In a challenging economic climate, domestic retail companies in Korea have managed to achieve relatively strong performances. By implementing value-up programs, they have maintained or increased their dividends, resulting in owners receiving dividends of at least 10 billion KRW.
According to the retail industry on the 12th, Shin Dong-bin, chairman of the Lotte Group, will receive a total of approximately 28.48 billion KRW in dividends from Lotte Holdings (16.52 billion KRW), Lotte Shopping (10.99 billion KRW), Lotte Wellfood (600 million KRW), and Lotte Chilsung Beverage (360 million KRW). This represents a 12.5% decrease from last year due to Lotte Holdings reducing its dividends by 300 KRW per share.
Meanwhile, Chung Yong-jin, chairman of Shinsegae Group, will receive 15.9 billion KRW in dividends. His dividends increased from 10.3 billion KRW last year to 15.9 billion KRW this year, following the decision to purchase 10% of E-Mart shares from his mother, Lee Myung-hee. His sister, Chung Yoo-kyung, chairman of Shinsegae Co., will receive 10.38 billion KRW in dividends from Shinsegae Department Store (8.22 billion KRW) and Shinsegae International (2.16 billion KRW), representing a nearly 10% increase due to an increase in dividends per common share.
Chung Ji-sun, chairman of Hyundai Department Store Group, is expected to receive a similar amount to last year’s 14.3 billion KRW. He will receive 570 million KRW through Hyundai Department Store, and his total dividends are expected to increase with the potential disclosure of dividends per share from Hyundai GF Holdings, in which he holds a 39.7% stake.
The article concludes with a call for audience reports to be featured as news on SBS Biz.