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.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip