Daedong Metal to Issue 100% Bonus Shares, Strengthening Shareholder Value and Growth Foundation
Daedong Metal to Issue 100% Bonus Shares, Strengthening Shareholder Value and Growth Foundation
-. One-for-one bonus issue of common shares, with 3,189,166 new shares to be issued
-. 31 consecutive years of dividends, with increased liquidity expected from a larger share base
-. Expanding into advanced materials, including robot actuator components and AI-powered glasshouse farming
Daedong Metal (Co-CEOs Kim Jun-sik and Lee Pung-woo), a casting components manufacturer within the Daedong Group, announced on March 27 that it will carry out a one-for-one bonus share issue.
A total of 3,189,166 new shares will be issued, with April 13 set as the record date and May 7 as the expected listing date. The bonus issue will be funded by KRW 3.2 billion in capital surplus, with no cash outflow or impact on the company’s financial structure.
Daedong Metal said the move is intended to increase the number of shares in circulation, improve trading liquidity, and enhance investor accessibility, supporting long-term shareholder value. The company, which has maintained dividend payments for 31 consecutive years, added that the decision is not aimed at short-term stock price gains, but reflects its continued focus on shareholder-friendly policies and clear communication with the market.
The move is also aligned with the company’s strategy to strengthen its long-term growth foundation. Daedong Metal is pursuing joint development with research institutions to enter the advanced materials segment for robot actuator components. It is preparing to expand into construction materials used in AI-powered smart glasshouse farming, in line with the government’s agricultural AX policy as well. As a key subsidiary responsible for materials and components supporting Daedong Group’s AI and robotics transformation, the company is working to reinforce its role within the group through new growth initiatives.
Founded in 1947, Daedong Metal is a specialized casting company that has led the localization of high-precision components such as diesel engine cylinder blocks and heads for agricultural machinery, automobiles, and heavy equipment. With advanced casting capabilities for complex and high-precision components, the company serves a wide range of industries. It has expanded into high-value-added sectors, including key components for semiconductor vacuum pumps, defense applications, and marine equipment.