Saemaul Geumgo, which is suffering from controversy over 'tin can safe', was found to have held a 'dividend feast' worth nearly 500 billion won last year. The company paid dividends five times the net profit (86 billion won) it earned last year. Some unit safe with losses have also been found to have paid dividends worth hundreds of millions of won to investors. As soon as the government-backed bank run crisis was overcome, critics say that the moral hazard of Saemaul Geumgo reached its peak.
Just because we have a deficit does not mean that dividends are impossible. "Even if we have a net loss, we can allocate it with retained earnings," a source at Korea Community Credit Cooperative said. "We allocated it in order to return the local community."
I don't want to solve the problem that's facing me with retained earnings
Having a dividend party after receiving government support is really
It only seems to be a sample of irresponsibility.
There are a lot of financial problems like this all over our society
I don't understand that we're not solving this.
It's not that I can't do it, but I don't?