3 KRX Dividend Stocks To Watch With Up To 7.1% Yield

In the last week, the South Korean market has stayed flat, but it is up 7.8% over the past year with earnings forecast to grow by 29% annually. In this environment, dividend stocks offering attractive yields can be a compelling option for investors seeking steady income and potential growth.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	6.16%	★★★★★★
Kangwon Land (KOSE:A035250)	5.71%	★★★★★☆
Woori Financial Group (KOSE:A316140)	4.32%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.60%	★★★★★☆
Hansae (KOSE:A105630)	3.16%	★★★★★☆
KT (KOSE:A030200)	4.57%	★★★★★☆
JW Holdings (KOSE:A096760)	3.52%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.62%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.08%	★★★★★☆
ORION Holdings (KOSE:A001800)	4.53%	★★★★★☆

Click here to see the full list of 75 stocks from our Top KRX Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

GS Holdings (KOSE:A078930)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: GS Holdings Corp., along with its subsidiaries, operates in the energy, power generation, retail, service, construction, and infrastructure sectors with a market cap of ₩3.98 trillion.

Operations: GS Holdings Corp. generates revenue through its trade sector (₩3.67 billion), distribution activities (₩11.08 billion), and gas and electric business (₩7.58 billion).

Dividend Yield: 5.9%

GS Holdings offers a compelling dividend profile with its 5.95% yield, placing it in the top quartile of South Korean dividend payers. Despite only three years of dividend history, payments have been stable and well-covered by both earnings and cash flow, with payout ratios at 18.2% and 14.8%, respectively. The stock trades significantly below estimated fair value, presenting potential upside relative to peers in the industry while maintaining strong financial health for continued dividends.

• Click here to discover the nuances of GS Holdings with our detailed analytical dividend report.
• Our valuation report here indicates GS Holdings may be undervalued.

Tong Yang Life Insurance (KOSE:A082640)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Tong Yang Life Insurance Co., Ltd. operates in the life insurance sector in South Korea and has a market capitalization of approximately ₩871.73 billion.

Operations: Tong Yang Life Insurance Co., Ltd. generates its revenue primarily from the life and health insurance segment, amounting to approximately ₩2.94 billion.

Dividend Yield: 7.2%

Tong Yang Life Insurance's dividend yield of 7.16% ranks in the top 25% of South Korean payers, supported by a low payout ratio of 24.7%. Despite only five years of dividend history, payments have been stable and well-covered by cash flows with a cash payout ratio at 5.7%. Recent earnings growth and trading below fair value enhance its appeal, though the acquisition by Woori Financial Group for ₩1.28 trillion could impact future dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of Tong Yang Life Insurance.
• Upon reviewing our latest valuation report, Tong Yang Life Insurance's share price might be too pessimistic.

Woori Financial Group (KOSE:A316140)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Woori Financial Group Inc., along with its subsidiaries, operates as a commercial bank offering various financial services to individual, business, and institutional customers in Korea, with a market cap of ₩12.36 trillion.

Operations: Woori Financial Group Inc.'s revenue segments include Banking at ₩7.41 billion, Capital at ₩281.91 million, Credit Cards at ₩440.47 million, and Investment Banking at -₩24.07 million.

Dividend Yield: 4.3%

Woori Financial Group's dividend yield of 4.32% places it in the top 25% of South Korean payers, with a payout ratio of 34%, indicating dividends are well-covered by earnings. Despite an unstable dividend track record over the past decade, recent affirmations suggest a commitment to maintaining payouts, with KRW 180 per share declared for Q3 2024. Trading significantly below estimated fair value and forecasted earnings growth add potential appeal despite past volatility.

• Click to explore a detailed breakdown of our findings in Woori Financial Group's dividend report.
• Our comprehensive valuation report raises the possibility that Woori Financial Group is priced lower than what may be justified by its financials.

Taking Advantage

• Take a closer look at our Top KRX Dividend Stocks list of 75 companies by clicking here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com