KonaI, a global fintech company, announced on the 1st that it has decided to pay a tax-free cash dividend of 800 won per share as its first quarterly dividend since its foundation. This dividend will be carried out in a "reduced dividend" method using financial resources to reduce capital reserves. Accordingly, shareholders will be exempted from dividend income tax (15.4%) under the Income Tax Act and the Corporate Tax Act.

If it was a general cash dividend, it would be only 677 won per share due to taxes, but the reduction dividend would result in an additional profit of 123 won per share to shareholders.

The total amount of dividends is 11.4 billion won. The dividend base date will be on the 16th, and dividends will be paid to shareholders' accounts within a month after the board's resolution.

In the future, KONAI plans to further strengthen shareholder returns. KonaI said in a conference call with KonaI Chairman's official earnings announcement on May that it is continuously considering various shareholder return plans.

KONAI has strengthened shareholder returns not only through dividends but also through the acquisition of treasury stocks this year. In early June, it decided to acquire all 100,000 shares (about 5 billion won) of common stock in three trading days, followed by 127,000 shares (about 5 billion won) of common stock in the second round on the 26th of last month.

[Reporter Yang]