Kolon Industries held a board meeting on the 7th and announced that it has resolved to change its current dividend policy from once a year to twice a year to enhance shareholder value.
The basic dividends were set at 1,300 won per common stock (interim dividends of 600 won, settlement of account dividends of 700 won + α). The decision on additional dividends will be made at the time of the settlement of account considering the return resources and basic dividend principles. Resources will operate within the limit of 30% of annual net income.
A Kolon Industries representative noted that as market predictability about the stock price increases, long-term investments in Kolon Industries are expected to rise.