KOREAN REPUBLIC: KRX Revises Dividend Procedures

Wednesday April 8 2026

On 6^th April 2026, Korea Exchange (KRX) has revised the Guidelines for Corporate Value-up Plan, the Manual to Guidelines for Corporate Value-up Plan, and the Selection Criteria for Value-up Best Practice Companies, in order to promote advanced dividend procedures that enable investors to make investment decisions after dividend amounts have been determined, and to reflect the amendments to the Commercial Act, including Guidelines on Directors’ Standards of Conduct in Corporate Restructuring.

Improvement of Dividend Procedures

To facilitate the wider adoption of advanced dividend procedures in the market, incentives will be provided to listed companies that implement measures to improve their dividend procedures, such as amending their articles of incorporation.

The Guidelines for Corporate Value-up Plan and the Manual to Guidelines for Corporate Value-up Plan have been revised to include “Dividend Procedures Improvement” as an example of non-financial indicator that may be used in current status analysis, goal setting, and planning.

Companies that amend their articles of incorporation to improve dividend procedures and implement such changes in practice will receive additional points in evaluation for selection as Corporate Value-up Best Practice Companies.

Amendments to the Commercial Act

The key elements of the three rounds of amendments to the Commercial Act and the Ministry of Justice’s Guidelines on Directors’ Standards of Conduct in Corporate Restructuring (25 February, 2026) have been reflected in the Guidelines for Corporate Value-up Plan and the Manual to Guidelines for Corporate Value-up Plan so that companies may take them into account when preparing their Corporate Value-up Plans.

Click on the above link for further information