According to data released by the Financial Supervisory Service on April 19, Mando’s earned surplus amounted to 654.2 billion won as of the end of last year, a four-fold increase by 523 billion won from a year ago (131.2 billion won).
The amount of earned surplus is a financial resource for shareholder dividends. The total amount of dividends cannot exceed the size of earned surplus. Mando also set aside 360.4 billion won out of the share premium account as earned surplus last year.
Instead of reducing 360.4 billion won in the share premium account, Mando increased the earned surplus by that much. This move indicates that Mando would increase the payment of dividends to shareholders. Mando paid a dividend of 46.8 billion won last year and 45.0 billion won in 2015.
Korea Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip