
Shareholder Return Ratio: What a 33% Payout Actually Yields
The shareholder return ratio is measured against net profit; the yield you actually collect is measured against market cap. PER is the only link between them — and it turns 33% into 0.7%.

The shareholder return ratio is measured against net profit; the yield you actually collect is measured against market cap. PER is the only link between them — and it turns 33% into 0.7%.

From January 1, 2026, cash dividends from Korean listed firms with a payout ratio of 40% or more can be taxed separately at 14–30% instead of being rolled into comprehensive income. The break-even sits near a 50 million won taxable base.