Future Asset Securities announces a shareholder return of approximately 635.4 billion KRW, setting a record high. This decision will be implemented through cash and stock dividends, as well as share buybacks, and is interpreted as a strategy to return greater benefits to shareholders.
At the board meeting held on the same day, the company approved approximately 174.4 billion KRW in cash dividends and about 290.9 billion KRW in stock dividends, totaling 465.3 billion KRW in dividends. This amount is several times higher than last year’s dividends. Shareholders will receive their dividends after approval at the regular shareholders’ meeting in March, with the record date set for March 17. Additionally, Future Asset Securities will continue to promote a strategy of reducing the number of shares through buybacks to enhance value, with a plan to repurchase about 11.95 million shares.
Meanwhile, the company appointed Ahn Joo-hyun, Dean of Law at the university, as the new external director. He has extensive experience in financial and consumer protection and will be responsible for internal controls and legal consulting for Future Asset Securities. Furthermore, the board also advanced revisions to the company bylaws, planning to introduce electronic general meetings of shareholders to improve transparency and operational efficiency.
A representative from Future Asset Securities explained that this large-scale shareholder return was a decision made after considering performance and capital efficiency improvements. In particular, the share buyback aims to reduce the number of shares and increase equity capital, thereby supporting the company’s growth into a global financial group.
Going forward, the financial market expects that Future Asset Securities’ proactive shareholder return policy will positively impact stock prices. It may also serve as a reminder to other companies of the importance of enhancing shareholder value.