Daily BriefsSouth Korea

Daily Brief South Korea: Celltrion Inc, SGX Rubber Future TSR20 and more

In today’s briefing:

  • Celltrion: Meaningful Increase in Cash and Stock Dividends
  • ELTs Undertake An Impressive ‘Sustainable March’ In The US


Celltrion: Meaningful Increase in Cash and Stock Dividends

By Douglas Kim

  • Celltrion Inc (068270 KS) announced meaningful increase in dividends (including both cash and stock dividends).
  • Celltrion will pay out stock dividend of 0.05 for shareholders as of record in 2024, this will be 150% higher than the average stock dividend in the past three years.
  • Celltrion will also pay out cash DPS of 750 won for shareholders as of record in 2024, which is more than double the average DPS in the past three years. 

ELTs Undertake An Impressive ‘Sustainable March’ In The US

By Vinod Nedumudy

  • 79% of ELTs consumed by end-use markets, up 10.5%
  • Tire-derived fuel tops ELT use, followed by ground rubber
  • Sumitomo Rubber USA announces closing of Buffalo plant

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