Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
At its 57th Annual General Meeting of Shareholders, Hyundai Motor approved all agendas as originally submitted, including the financial statements, a final dividend of KRW 6,000 per common share, addition of hydrogen business to business purposes, amendments to Articles of Incorporation for quarterly dividend improvements, and the re-appointment of Executive Chair Euisun Chung.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Results of Annual General Meeting of Shareholders)
- Date of Shareholders’ Meeting: 2025-03-20
1. Approval of 57th Term Financial Statements (Consolidated & Separate)
- Consolidated Financials: Total Assets KRW 339,798,429M, Total Liabilities KRW 219,522,496M, Total Equity KRW 120,275,933M, Revenue KRW 175,231,153M (approx. KRW 175.23T), Operating Profit KRW 14,239,592M (approx. KRW 14.24T), Net Profit KRW 13,229,908M, EPS KRW 47,615 (Audit Opinion: Unmodified)
- Separate Financials: Total Assets KRW 96,143,628M, Total Liabilities KRW 26,920,610M, Total Equity KRW 69,223,018M, Revenue KRW 79,060,777M, Operating Profit KRW 6,599,372M, Net Profit KRW 12,240,535M, EPS KRW 46,527 (Audit Opinion: Unmodified)
2. Dividend Resolutions
- Dividend Type: Cash Dividend (Total Dividend Amount: KRW 3,147,839,000,000 / approx. KRW 3.15T)
- Common Stock: Year-end dividend of KRW 6,000 per share (Dividend yield including interim/quarterly dividends: 5.9%)
- 2nd Preferred Stock: Year-end dividend of KRW 6,100 per share (Dividend yield including interim/quarterly dividends: 7.3%)
- 1st & 3rd Preferred Stock: Year-end dividend of KRW 6,050 per share (Dividend yield including interim/quarterly dividends: 7.6%)
3. Amendments to Articles of Incorporation
- Business Purpose Addition: Hydrogen business and other related business activities (added to accommodate expansion into various hydrogen-related sectors)
- Quarterly Dividend Improvement: Revision of Article 37 regarding the determination of quarterly dividend record dates
4. Election of Directors and Audit Committee Members
- Executive Directors: Euisun Chung (Re-appointed, 3-year term, Executive Chair of Hyundai Motor Group), Eun-sook Jin (Newly appointed, 2-year term, Vice President & Head of ICT)
- Independent Directors: Sue Soo-yi Kim (Newly appointed, 3-year term), Jim Myong Doh (Newly appointed, 3-year term), Benjamin Tan (Newly appointed, 3-year term)
- Audit Committee Members (Independent Directors): Sue Soo-yi Kim (3-year term), Jim Myong Doh (3-year term)
- Post-Election Board Structure: 7 Independent Directors out of 12 Total Directors (58.3% Independent Director ratio); 5 Audit Committee members (all Independent Directors)
5. Other Agenda Items
- Agenda Item 5 (Approval of Director Remuneration Limit) approved as originally submitted.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Governance Changes and Articles of Incorporation Amendments
This disclosure documents the formal approval of all submitted shareholder meeting proposals, including financial statements, dividend declarations, board appointments, and articles amendments. Confirming that the approved charter amendments regarding business purposes and quarterly dividend procedures are officially incorporated into company regulations is important for understanding the company’s updated governance framework. Specific details regarding post-meeting corporate updates can be verified in future periodic reports, such as quarterly and annual filings.
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