Samsung 2004 Annual Report Download - page 17

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Please find page 17 of the 2004 Samsung annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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While this global recognition of our commitment to excellence in governance is satisfying
in and of itself, it was even more gratifying to be able to share the fruits of success with our
shareholders. In 2004, we paid out a record dividend of KRW 10,000 per share—nearly
double the amount declared in recent years—as we continued to enhance shareholder
value by buying back 7.1 million common shares and retiring just over 5.2 million,
resulting in a total payout ratio of 50% for the year.
In business as well as life, there is always room for improvement. In 2004, we established
the Internal Transaction Committee to enhance the transparency of our dealings with
subsidiaries and affiliates. We look forward to working even more closely with top
management in the coming year to ensure that Samsung is one of the best run, most
competitive, and most innovative firms in the industry, able to take full advantage of
the opportunities that each new challenge will bring to create even greater value for stake-
holders in 2005 and beyond.
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