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The top four South Korean conglomerates will pay a record 9.2 billion won ($ 8.2 billion) dividend to foreign investors for the entire 2018, data revealed on Sunday.
According to Chabul.com, a Seoul-based tracking company, foreign investors would receive 9.2 billion won in dividends from listed companies of the 4 largest Korean chaebol conglomerates – Samsung, Hyundai Motor, SK and LG for the fiscal year 2018, up 43.0% over the previous year earlier. This would be the first time that the payment of foreign dividends would exceed $ 9 trillion.
The dividend distribution for the full 2018 was estimated by compiling the quarterly and interim dividends paid last year, plus the final dividend announced at the end of the fiscal year.
The total dividend paid by the 4 largest conglomerates would be up 32.7% year-on-year to reach a historic record of 17.98 billion won over the same period.
The share of foreign dividends would rise from 47.4% in 2017 to 51.1% in 2018.
The Samsung group would pay the largest fraction of W 6 400 billion to foreign investors, more than half of its total dividend of 11.7 trillion won. Foreign investors would receive a dividend of 5.8 trillion won from Samsung Electronics Co., compared to 3.6 trillion won in the previous year.
The SK group would come in second with its payments to foreign investors, reaching 1,200 billion won, up 22.3 percent from the previous year. Its semiconductor unit, SK Hynix Inc., would be responsible for almost half, or 527.1 billion won.
The Hyundai Motor Group would pay foreign investors a dividend of 1,000 trillion won, up 0.8% year on year, and the LG group to 518.6 billion won, up 1.8%.
By Chun Gyung-woon and Cho Jeehyun
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]
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