It represents a dividend ratio of 5.6 per cent based on the market price of the company\u2019s stock.<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Kangwon Land<\/strong>\u00a0has recommended a final dividend of KRW930 (US$0.706) per share for the fiscal year ending December 31, 2023. That represents a dividend ratio of 5.6 per cent based on the current market price of the company’s stock.<\/p>\n\n\n\n According to the company’s filing with the Korea Exchange, the total dividend for the full year 2023 amounts to KRW188.55bn. The payout is contingent upon approval at the firm’s shareholder meeting scheduled for March 28, with the potential payment date set for April 26.<\/p>\n\n\n\n For fiscal year 2023<\/a>, the only casino in South Korea that allows locals to enter, posted\u00a0net income of KRW345bn (US$260m)<\/strong>, up 199 per cent when compared to the previous year. For the fourth quarter of 2023, the casino operator posted net income of KRW77.8bn (US$56.6m), up 5.2 per cent\u00a0quarter-on-quarter<\/a>\u00a0and up 746 per cent when compared to the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":" It represents a dividend ratio of 5.6 per cent based on the market price of the company\u2019s stock.<\/p>\n","protected":false},"author":176,"featured_media":777011926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kangwon Land has recommended a final dividend of KRW930 per share for FY2023, representing a 5.6% dividend ratio, contingent on shareholder approval. This follows a robust financial year where the company reported a 199% increase in net income to KRW345bn, with Q4 2023 net income also showing significant year-on-year growth.","focusai_entities":"Kangwon Land, Korea Exchange","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.75), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Dividend Sustainability Outlook","query":"Given the 199% net income growth, what are the projections for Kangwon Land's future earnings per share and dividend per share growth, considering potential regulatory shifts or market saturation in the South Korean local-access casino segment?"},{"label":"Capital Allocation Strategy","query":"Beyond the dividend payout, how does Kangwon Land plan to allocate its increased capital, specifically regarding potential reinvestment in property enhancements, technology upgrades, or strategic M&A opportunities to sustain long-term growth?"}],"footnotes":""},"categories":[157,16338],"tags":[16471],"class_list":["post-777013819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013819"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013819\/revisions"}],"predecessor-version":[{"id":777013856,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013819\/revisions\/777013856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}