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.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip