Donation of ultra-high dividend 'party' is 'humanity'...Costco and other foreign 'eye fat'

'Large-capacity bundle products are popular' Costco, a U.S.-based discount store,

In the previous fiscal year, KRW 200 billion was allocated to the headquarters, which is controversial

The donation amount is 1.22 billion won...less than 1% of the dividend

[Anchor]
Famous foreign companies, which anyone would know by name, are repeating every year that they make astronomical profits in Korea but take most of their profits as dividends to their home countries.

The voice that co-prosperity with the local community is necessary still seems to be lacking in strength.

Reporter Hwang Hye-kyung reports.

[Reporter]
Costco, an American warehouse-type discount store with 19 stores in Korea.


as large-capacity bundled products become popular in high prices
In the year to August, operating profit was a whopping 218.6 billion won.

It increased 15.8% from the previous fiscal year, recording an 'all-time' good performance.

Costco Korea has decided to allocate more than half of the 150 billion won to the U.S. headquarters.

Last year, it also caused controversy by allocating 200 billion won to the headquarters, which exceeded its net profit, but this time, it maintained its "high dividend" stance.

On the other hand, Costco's donation is about 1.22 billion won, less than 1% of the dividend.

Other foreign companies also behave the same way.

Delivery Hero, the German parent company that runs the nation's No. 1 delivery people, collected 412.7 billion won in dividends, or 81.5% of its net profit last year,
French luxury brand Hermes set a dividend of KRW 145 billion last year, double from the previous year, but
Donations increased or decreased slightly during the same period as
.

'Louis Vuitton' took over 300 billion in dividends over two years, but didn't make a single donation.

[Oil Sun/ Director of CXO Research Institute, Korea: Among foreign companies, there is a strong perception that even if Korea does not put much effort into social contribution such as donations, there is no significant obstacle to expanding the business or generating profits. Now, it seems that foreign companies desperately need to change their perception of social contribution in order to continue to grow in Korea.]

Unlike domestic companies that emphasize social contribution and ethical management and increase community contribution,
In the
co-prosperity, the behavior of some foreign companies that "don't know me" is raising eyebrows among domestic consumers.

I'm YTN Hwang Hye-kyung.


Video editing: Jung Kook-yoon
Design: Baek Seung-min