Dongkuk Steel Mill voluntarily disclosed a corporate value enhancement plan aimed at improving its PBR on October 21, 2026.

Dongkuk Steel Mill submitted a corporate value enhancement plan on October 21, 2026 through an electronic disclosure, aimed at improving its price-to-book ratio (PBR). The company said its PBR was 0.25 times as of the first half of 2026 and that its ROE was below its cost of equity. The company said it aims to achieve a PBR of 0.3 times and an ROE of 3 to 4% at the same time by 2028. As measures to do so, it presented reducing fixed costs, expanding sales of high value-added products, maintaining a dividend of at least KRW 400 per share annually, and retiring all treasury shares. It said further details are in the attached file.

1. 01

   The company said its PBR stood at a low 0.25 times as of the first half of 2026.

2. 02

   The company set as its key goal achieving a PBR of 0.3 times and an ROE of 3 to 4% at the same time by 2028.

3. 03

   The company said it will maintain a dividend policy of at least KRW 400 per share annually and retire all treasury shares within 2027.

4. 04

   The company disclosed whether it qualifies as a high-dividend company. Total dividends for the prior fiscal year (2025) were KRW 19.8 billion (about KRW 19.8 billion), down 33.3% from the fiscal year before that.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

PBR as of first half of 2026

0.25 times

Target PBR for 2028

0.3 times

Target ROE for 2028

3~4%

Target PER for 2028

7 to 8 times

Minimum annual dividend policy

KRW 400 per share

Dividend payout ratio for prior fiscal year (2025)

240.8%

Filing facts

Filing type

Corporate Value-up Plan

Report name

Corporate Value-up Plan (Voluntary)

Filed

Oct 21, 2026

Receipt number

20261021800303