[단독] Financial Services Commission Dividend Reduction Recommendation Results… Donghak ant dividend will be reduced by at least 88.8 billion won [레이더P]

The Financial Services Commission recommended that domestic banking holding companies and banks pay dividends within 20% of their net profits on a temporary basis.

According to data submitted by four major financial holding companies, Shinhan, KB, Hana, and Woori, by Rep. Doo-Hyun Yoon on the 9th, dividend amount when paying dividends based on the dividend payout ratio in 2019 and following the recommendations of the Financial Services Commission (20%) The difference amounted to 6134 billion won in the four major financial holdings alone. Of these, minority shareholders with less than 5% of them reported a dividend loss amounting to 8.87 billion won. When looking at the loss of minority shareholders, Shinhan Financial Group was the largest with 37.6 billion won, KB Financial Group 28 billion won, Hana Financial Group 13.5 billion won, and Woori Financial Group 9.6 billion won. All of the four major financial holdings exceeded 25% in 2019, and no place showed a dividend payout ratio of less than 20% even in the three years since 2017.

The Financial Services Commission explained that it was an unavoidable measure to ensure that domestic banking holding companies and banks maintain sufficient loss absorption capacity to overcome the Corona 19 crisis. The continued criticism despite such clarification was influenced by the increase in individual investors due to the’Donghak Ant Movement’ fever last year. Of the four major financial holdings, except for Woori Financial Group, all of them own securities companies, and the profits generated from them contributed greatly to improving profitability. Even in Corona 19 last year, the performance of securities companies improved as individual investors called’Donghak ants’ increased their stock investment. This is a profit made by the power of ants, and there are criticisms for preventing dividends from going to ants for the health of the financial company. As individual stock investment increased, the proportion of minority shareholders also increased. Rep. Doo-Hyun Yoon said, “Limiting the dividend of banks is to infringe the property rights of shareholders, especially minority shareholders. If you are really concerned about soundness, reduce the shadowy government and reduce the amount of money that is unforced to banks in various names It is first,” he criticized.

In fact, there is a lot of dissatisfaction with the politicians’ pressure on financial companies to participate in the profit-sharing system while reducing dividends in the industry. An official from the financial sector said, “The real government is not a dividend limit, but a profit sharing system.” Pointed out.

The industry agrees that dividend restrictions should be temporarily implemented in the corona 19 situation. “The most important thing in the financial industry is stability and the supervisory authorities have to prepare for the worst, so this regulation is reasonable,” said Seo Byeong-ho, a senior research fellow at the Financial Research Institute. We must continue to promote it,” he said.

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