Tag - automakers

Foreign automakers stingy in charity, generous in dividends

Foreign automakers in Korea are very thrifty when it comes to local charity donations although they are generous in paying hefty dividends to their major shareholders, market data showed Thursday. The combined dividends of the major foreign automakers was around 83.6 billion won ($73 million) last year while their domestic donations stood at 4.2 billion won, according to their audited financial reports. Among the foreign automakers, Mercedes-Benz Korea paid dividends of 58.5 billion won, Audi Volkswagen Korea disbursed 16 billion won, [...]