Corporate Governance

The Board of Directors

HS HYOSUNG ADVANCED MATERIALS secures the Board of Directors’ transparent and independent decision-making authority and operates a governance system which enables efficient business management based upon appropriate checks and balances. As the highest decision-making body of the company, the Board of Directors(BOD) reviews and decides on matters required by law or corporate articles of association as well as matters delegated by the general meeting of shareholders. The BOD is also responsible for the review and decision of the foundational principles of business management and its operation aiming to improve interests of all stakeholders including shareholders.

Appointment of the BOD

As of the end of March 2025, the board of directors is composed of six members: three internal directors and three outside directors. At the inaugural board meeting held on June 1, 2018, following the spin-off from Hyosung Corp., the CEO was appointed as the chair of the board. HS Hyosung Advanced Materials does not impose restrictions based on gender, religion, or educational background when appointing directors. Candidates for internal directors are recommended by the board of directors, and candidates for outside directors are recommended by the Outside Director Candidate Nomination Committee. They are then appointed through a fair process at the general shareholders' meeting. Additionally, if there are shareholder proposals related to the appointment of directors in accordance with relevant laws, the board of directors may submit these proposals to the general shareholders' meeting within the legal framework.

Shareholders' Rights to Make Proposals

A shareholder's proposal can be made by shareholders with a certain level of stake.
※ Shareholders who hold no less than 3 percent of the total number of issued and outstanding shares excluding shares without voting rights

Shareholders may request 6 weeks prior to the General Meeting of Shareholders(GMS)*, both in written or in electronic document, a certain proposal item to be submitted as a GMS agenda. Shareholders may also request that the proposed item be included in the notice for GMS.* In case of Annual Meeting of Shareholders, the date of the event in the previous year

If there is a shareholder’s proposal, the company should report it to the Board of Directors(BOD), and the BOD shall submit this proposal to the GMS, except in cases where the contents of the shareholders’ proposal violate laws or the company’s articles of association and in the cases described below under Article 12 of the Enforcement Decree of the Korean Commercial Act.
  1. 1. Where a proposal is resubmitted within three years from the date on which the proposal with the same contents was rejected because it obtained less than 10% of approval at a GMS;
  2. 2. Where the proposal concerns a shareholder's personal grievance;
  3. 3. Where the proposal concerns a matter that require the shareholders to hold shares in excess of a certain ratio to exercise such minority shareholders' rights;
  4. 4. Where the proposal concerns a matter that involves the removal of incumbent director (whose period of service has not expired);
  5. 5. Where the proposal concerns a matter that the company is unable to materialize, or is based on an evidently false grounds, or defames a particular person.

If a shareholder's proposal has been made, the shareholder who made the proposal shall, on his/her request, be given an opportunity to explain the proposal at a GMS.

All other matters are subject to Korean Commercial Act or other related laws.

BOD’s Professionality

In the fast-changing business environment where strategic decision-making of the BOD is constantly required for business continuation, professionality and expertise is prerequisite for all board members to make timely and right decisions.
At HS HYOSUNG ADVANCED MATERIALS, the most highly qualified specialist is in charge of general management of business and takes on full responsible for management as the Managing Director of the BOD. Outside directors, contribute different perspectives to the Board that they bring from their professional background as specialists in finance, legal and public sector as well as provide advice from a objective point of view.

Supporting organizations within the company assist outside directors in carrying out their professional duties as the BOD on the board of directors and committees. Prior to the BOD meeting, discussion materials and supplementary materials are provided in advance for a full review, and they also provide presentations of the key issues. In addition, to enhance their understanding of our business, they carry out regular site visits to our key production sites globally, and are provided with key issue updates frequently.

Executive directors

Jindal Lim CEO
CEO_Jindal Lim
Term of office

From March 20, 2025 until the Ordinary General Meeting of Shareholders in 2027

Possession of iability insurance

Yes

Profile

CEO of HS Hyosung Advanced Materials

Representative Director of HS Hyosung The Class

Head of Tire Cords PU, HS Hyosung Advanced Materials

Head of Management Strategy Office, Hyosung

Head of Strategy Department, Hyosung

Head of Chinese Industrial Materials, Hyosung

Nakyang Seong CEO
CEO_Nakyang Seong
Term of office

From September 6, 2024 until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Head of Tire Cord PU,
HS HYOSUNG ADVANCED MATERIALS

President, HS HYOSUNG
ADVANCED MATERIALS Future
Growth Strategy Department

CEO of Yahoo Korea

CEO of Doosan Dong-A

SCEABIQ Inc. CEO

President, Hyosung
Management Innovation Office

Songjoo Choi
Songjoo Choi
Term of office

From March 20, 2025 until the Ordinary General Meeting of Shareholders in 2027

Possession of liability insurance

Yes

Profile

CTO, CPO, and Head of Domestic and
International Expansion,Carbon material PU, HS HYOSUNG ADVANCED MATERIALS

Head of Carbon Aramid PU,
HS HYOSUNG ADVANCED MATERIALS

President of Carbon Aramid PU

President of Hyosung Vietnam
Fiber Tire cords Plant

President of Technical Yarn PU
Ulsan Plant

President of Carbon Fiber
business division

Non-executive directors

Man-ki Jeong
Term of office

March 14, 2024 - Until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Chairman of the Korea
Industrial Association Forum

Outside Director of
Hydrogen Energy Network

Presidential Secretary
for Industry and Trade Founding

Chairman of the Global Industry
Competitiveness Forum

Chairman of the Korea
Automobile Manufacturers Association

Executive Vice Chairman of the Korea International Trade Association

Hee-cheol Kim
Term of office

From March 14, 2024 until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Advisor at Kim & Chang Law Office

Outside Director ofHyundai Autoever Corp

Director of Investigation Division 1 at Seoul Regional Tax Office

Director of Planning and Coordination at the National Tax Service

Commissioner of the Gwangju Regional Tax Office

Commissioner of the Seoul Regional Tax Office

Chairman of The Tax Corp

Ho-seong Kang
Term of office

From March 14, 2024 until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Advisor at CJ Corp

Prosecutor at the Seoul Central District Prosecutors' Office

Partner Attorney at Duwoo Law Firm

Partner Attorney at Bae, Kim & Lee LLC

Chief Legal Officer and Head of Corporate Support at CJ Group

CEO of CJ ENM

Head of Corporate Support at CJ Corp

Evaluation and Compensation of BOD

Directors are evaluated annually based on their specialty in corporate business and technology as well as their contribution at the BOD meetings, whose result is discussed at the BOD. Upon the evaluation results, compensation for the Board is payed fairly and transparently upon the approval of the general shareholders’ meeting. The remuneration of the Board is provided within the remuneration limit approved at the general meeting of shareholders.

Directors and Auditors' Remunerations for 2024
(unit : Mil. KRW)
Directors and Auditors' Remunerations for 2024
Persons Total Compensation Average Compensation
per person
Registered directors
(exclusive of outside directors)		 3 769 256
Outside directors
(including Audit Committee members)		 3 163 54
Total 6 932 155

Per capita average remuneration amount is computed by dividing the total remuneration amount by the number of persons.

The total sum of the compensation includes the retirement pay for the former CEO.

download
Name
2020 HS HYOSUNG ADVANCED MATERIALS Corporate Governance Report 2020
2018 Corporate Governance Report of HS HYOSUNG ADVANCED MATERIALS Corp. – Operation Principles and Rules of the BOD & its Sub-
committees
Articles of
association		 HS HYOSUNG ADVANCED MATERIALS Articles of association

BOD Operation

Our BOD is made up of six members (i.e., three inside directors and three outside directors). At the inaugural session of the BOD held on June 1, 2018 when we were spun off from HS HYOSUNG Corporation, we elected the Representative Director. In addition, four sub-committees including the Audit Committee, Outside Director Nomination Committee, Management Committee and Remuneration Committee are currently operated under the BOD.

Independency and Transparency of the BOD

Our directors are elected by the General Meeting of Shareholders (GMoS). Inside director candidates are recommended by the BoD and outside director candidates by the Outside Director Candidate Recommendation Committee. Where there is a shareholder’s suggestion concerning election of directors based on relevant laws, the BoD may submit it as an agenda item to be deliberated by the GMoS within the extent permitted by law. The Company was spun off from HS HYOSUNG Corporation on June 1, 2018 and our initial inside/outside directors were elected through the approval of the spinoff plan by the extraordinary GMoS held on April 27, 2018.

Agenda of the Board of Directors Meeting

Agenda of the Board of Directors Meeting 2024
Order Date Contents Result Attendance of
outside directors
Round 7 2024.10.31 1. Approval of the large-scale internal transactions
2. Approval of the transactions between directors, etc. and the company
3. Report on the major managerial activities and financial statements for the third quarter of 2024
4. Report on the major ESG management activities for the third quarter of 2024
5. Report on the resolutions of the Management Committee for the second quarter of 2024 		Approved 3/3
Round 6 2024.09.07 1. Appointment of the representative director (Appointment of independent representative directors → Nakyang Seong) Approved 3/3
Round 5 2024.07.26 1. Determination of the record date and the convocation date, location, and purposes of the extraordinary general meeting of shareholders
2. Appointment of the Outside Director Nomination Committee members
3. Approval of the transactions between directors, etc. and the company
4. Report on the major managerial activities and financial statements for the second quarter of 2024
5. Report on the operation and evaluation of the internal accounting control system
6. Report on the advanced materials as a new growth engine
7. Report on the major ESG management activities for the first half of 2024
8. Report on the resolutions of the Management Committee for the second quarter of 2024 		Approved 3/3
Round 4 2024.04.26 1. Report on the major managerial activities and financial statements for the first quarter of 2024
2. Report on the major ESG management activities for the first quarter of 2024
3. Report on the resolutions of the Management Committee for the first quarter of 2024 		Approved 3/3
Round 3 2024.03.16 1. Appointment of the Outside Director Nomination Committee members Approved 3/3
Round 2 2024.02.24 1. Approval of the amendment of the separate financial statements for the 6th fiscal year (2023)
2. Determination of the convocation date, location, and purposes of the ordinary general meeting of shareholders for the 6th fiscal year (2023)
3. Report on the results of transactions with the largest shareholders, etc. for 2023
4. Report on the operation and evaluation of the internal accounting control system for 2023 		Approved 3/3
Round 1 2024.01.31 1. Approval of the financial statements and business report for the 6th fiscal year (2023)
2. Approval of the transactions between directors, etc. and the company
3. Approval of the safety and healthcare plan for 2024
4. Report on the operation and evaluation of the internal accounting control system for 2023
5. Report on the results of compliance support activities for 2023
6. Report on the major ESG management activities for the second half of 2023
7. Report on the resolutions of the Management Committee for the fourth quarter of 2023 		Approved 3/3
Agenda of the Board of Directors Meeting 2023
Order Date Contents Result Attendance of
outside directors
Round 7 2023.12.13 1. Approval of the Purchase of Hankook & Company Co., Ltd. Shares Approved 3/3
Round 6 2023.10.27 1. Approval of Large-scale Internal Transactions
2. Approval of Transactions between Directors and the Company
3. Report on Major Business Activities and Financial Statements for the Third Quarter of 2023
4. Report on Resolutions of the Management Committee for the Third Quarter of 2023 		Approved 3/3
Round 5 2023.07.28 1. Report on Major Business Activities and Financial Statements for the Second Quarter of 2023
2. Report on the Evaluation of the Internal Accounting Management System
3. Report on Major ESG Management Activities for the First Half of 2023
4. Report on the 2030 Scope 1, 2, 3 Emission Reduction Targets
5. Report on Resolutions of the Management Committee for the Second Quarter of 2023 		Approved 3/3
Round 4 2023.04.28 1. Approval of Transactions between Directors and the Company
2. Report on Major Business Activities and Financial Statements for the First Quarter of 2023
3. Report on Major ESG Management Activities for the First Quarter of 2023
4. Report on Resolutions of the Management Committee for the First Quarter of 2023 		Approved 3/3
Round 3 2023.03.18 1. Appointment of CEO → CEO Cho Yong-soo
2. Appointment of Chairman of the Board → CEO Cho Yong-soo
3. Appointment of Management Committee Members → CEO Cho Yong-soo, Director Choi Song-joo 		Approved 3/3
Round 2 2023.02.23 1. Approval of Amendments to the Separate Financial Statements for the 5th Term (2022)
2. Determination of the Date, Location, and Agenda for the 5th Annual General Meeting of
Shareholders (2022)
3. Approval of Large-scale Internal Transactions
4. Approval of Transactions between Directors and the Company
5. Report on Transaction Results with the Largest Shareholder in 2022
6. Report on the Evaluation of the Internal Accounting Control System 		Approved 3/3
Round 1 2023.02.01 1. Approval of Financial Statements and Business Report for the 5th Term (2022)
2. Approval of the 2023 Safety and Health Plan
3. Resolution on Setting Carbon Emission Reduction Targets
4. Resolution on Participating in CDP Water
5. Report on the Operation of the Internal Accounting Control System for 2022
6. Report on Compliance Support Activities for 2022
7. Report on Major ESG Management Activities for the Second Half of 2022
8. Report on Resolutions of the Management Committee for the Fourth Quarter of 2022 		Approved 3/3
Agenda of the Board of Directors Meeting 2022
Order Date Contents Result Attendance of
outside directors
Round 6 2022.11.10 1. Approval of large-scale internal trading
2. Approval of transactions between director, etc. and the company
3. Report on the major managerial activities and financial statements for 3Q 2022
4. Report on decisions made by the Management Committee in 3Q 2022 		Approved 3/3
Round 5 2022.07.27 1. Approval of transactions between director, etc. and the company
2. Report on the major managerial activities and financial statements for 2Q 2022
3. Report on the status of operation of the internal accounting management system
4. Report on the major ESG management activities in the 1st semester of 2022
5. Report on decisions made by the Management Committee in 2Q 2022 		Approved 3/3
Round 4 2022.04.28 1. Approval of large-scale internal trading
2. Approval of transactions between director, etc. and the company
3. Report on the major managerial activities and financial statements for 1Q 2022
4. Report on decisions made by the Management Committee in 1Q 2022 		Approved 2/3
Round 3 2022.03.19 1. Appointment of the Representative Director
2. Appointment of the Chairperson of the Board of Directors
3. Appointment of the members of the Outside Director Candidate Nominating Committee
4. Appointment of the members of the Management Committee 		Approved 3/3
Round 2 2022.02.28 1. Approval of the 4th (2021) Separate financial statements and sales report
2. Decision on the date/hour, place, and objects of the 4th periodic GMoS
3. Report on transactions between the largest shareholder, etc. and the company
4. Report on the status of operation of the internal accounting management system 		Approved 3/3
Round 1 2022.01.26 1. Approval of the 4th (2021) financial statements and sales report
2. Approval of large-scale internal trading
3. Approval of transactions between director, etc. and the company
4. Approval of the 2022 Safety and Health Plan
5. Report on the status of operation of the internal accounting management system in 2021
6. Report on the result of the compliance-related support activities in 2021
7. Report on the major ESG management activities in the 2nd semester of 2021
8. Report on decisions made by the Management Committee in 4Q 2021 		Approved 3/3
Agenda of the Board of Directors Meeting 2021
Order Date Contents Result Attendance of
outside directors
Round 5 2021.10.29 1. Approval of large-scale internal trading
2. Approval of transactions between director, etc. and the company
3. Appointment of compliance officer
4. Report on the major managerial activities and financial statements for 3Q 2021
5. Report on decisions made by the Management Committee in 3Q 2021 		Approved 3/3
Round 4 2021.07.29 1. Report on the major managerial activities and financial statements for 2Q 2021
2. Operating status and evaluation report of the internal accounting management system in the 1st semester of 2021
3. Report on the evaluation of the status of operation of the internal accounting management system in the 1st semester of 2021
4. Report on decisions made by the Management Committee in 2Q 2021 		Approved 3/3
Round 3 2021.04.30 1. Approval of transactions between director, etc. and the company
2. Report on the major managerial activities and financial statements for 1Q 2021
3. Report on decisions made by the Management Committee in 1Q 2021 		Approved 3/3
Round 2 2021.02.25 1. Decision on the date/hour, place, and objects of the 3rd periodic (2020) GMoS
2. Report on transactions with the largest shareholder in 2020
3. Report on the status of operation of the internal accounting management system 		Approved 3/3
Round 1 2021.01.29 1. Approval of the 3rd (2020) financial statements and sales report
2. Approval of large-scale internal trading
3. Approval of transactions between director, etc. and the company
4. Approval of the 2021 Safety and Health Plan
5. Report on the status of operation of the internal accounting management system in 2020
6. Report on the result of the compliance-related support activities in 2020
7. Report on decisions made by the Management Committee in 4Q 2020 		Approved 3/3
Agenda of the Board of Directors Meeting 2020
Order Date Contents Result Attendance of
outside directorss
Round 7 2020.10.30 1. Approval of large-scale internal transactions
2. Approval of transactions between directors, etc. and the company
3. 2020 3rd quarter report on key business activities and financial statements
5. 2020 3rd quarter report on resolutions by the Management Committee 		Approved 3/3
Round 6 2020.07.30 1. Approval of large-scale internal transactions
2. Approval of transactions between directors, etc. and the company
3. 2020 2nd quarter report on key business activities and financial statements
4. Report on internal accounting control system operation and assessment
5. 2020 2nd quarter report on resolutions by the Management Committee 		Approved 3/3
Round 5 2020.04.29 1. 2020 1st quarter report on key business activities and financial statements
2. Report on plans for reducing debt ratio for advanced materials
3. 2020 1st quarter report on resolutions by the Management Committee 		Approved 3/3
Round 4 2020.03.21 1. Election of representative director → Jeongmo Hwang elected as representative director
2. Election of representative director → Jeongmo Hwang elected as representative director
3. Election of Outside Directors Recommendation Committee members → Directors Donggeon Kim, Sangyeop Lee, and Jeongmo Hwang elected
4. Election of Management Committee members → Jeongmo Hwang and Seunghan Kim elected 		Approved 3/3
Round 3 2020.02.27 1. Approval of revision of 2nd Term (2019) Financial Statements
2. Determination of date, venue, and agenda of the 2nd Term (2019) Regular General Shareholders' Meeting
3. Report on the 2019 Performance of Transactions with the Largest Shareholder, etc.
4. Report on operational status and assessment of internal accounting control system
5. Report on results of compliance support activities 		Approved 3/3
Round 2 2020.02.05 1. Approval of revision of 2nd Term (2019) Financial Statements Approved 3/3
Round 1 2020.01.31 1. Approval of revision of 2nd Term (2019) Financial Statements and Business Report
2. Approval of transactions between directors, etc. and the company
3. Report of 2019 operational status and assessment of internal accounting control system
4. 2019 4th quarter report of resolutions by the Management Committee 		Approved 3/3
Agenda of the Board of Directors Meeting 2019
Order Date Contents Result Attendance of
outside directors
Round 6 2019.12.12 1. Approval of transactions between the directors, etc. and the Company Approved 3/3
Round 5 2019.10.30 1. Approval of large-scale internal transactions
2. Approval of transactions between the directors, etc. and the Company
3. Report on the major management activities and financial statements for 3Q 2019
4. Report on the decisions made by the Management Committee in 3Q 2019 		Approved 2/3
Round 4 2019.07.26 1. Approval of large-scale internal transactions
2. Approval of transactions between the directors, etc. and the Company
3. Election of compliance officer
4. Report on the major management activities and financial statements for 2Q 2019
5. Report on HS Hyosung's vision on hi-tech materials and mid-term management plan
6. Report on the status of operation of the internal accounting management system
7. Report on the decisions made by the Management Committee in 2Q 2019 		Approved 3/3
Round 3 2019.04.30 1. Approval of large-scale internal transactions
2. Report on the major management activities and financial statements for 1Q 2019
3. Report on the decisions made by the Management Committee in 1Q 2019 		Approved 3/3
Round 2 2019.02.21 1. Approval of financial statements and annual report for the 1st term (Jun. 1, 2018~Dec. 31, 2018)
2. Partial amendment of the Articles of Incorporation pursuant to the enforcement of the Act on Electronic Registration of Stocks, Bonds, etc. in September 2019
3. Decision on the date/hour, place and objects of the periodic GMoS for the 1st term (2018)
4. Evaluation of status of the Audit Committee's operation of the In-house Accounting Management System 		Approved 3/3
Round 1 2019.01.31 1. Approval of financial statements and annual report for the 1st term (Jun. 1, 2018~Dec. 31, 2018)
2. Approval of transactions between the directors, etc. and the Company
3. Approval of amendment of regulations pursuant to the enforcement of the new Act on External Audit of Stock Companies (Operation regulations of BoD, Audit Committee-related regulations)
4. Report on the details of transactions with the largest shareholder, etc.
5. Report on revision of regulations on the In-house Accounting Management System
6. Report on the status of operation of the internal accounting management system
7. Report on the result of compliance-related support activities
8. Report on the decisions made by the Management Committee in 4Q 2018 		Approved 3/3
Agenda of the Board of Directors Meeting 2018
Order Date Contents Result Attendance of
outside directors
Round 3 2018.10.31 1. Approval of large-scale internal trading
2. Report of major managerial activities and financial statements
3. Report of resolutions passed in the Management Committee on the 3rd quarter of 2018 		Approved 3/3
Round 2 2018.08.03 1. Approval of large-scale internal trading
2. Report of major managerial activities and financial statements
3. Report of the operation situation and evaluation of the Internal Accounting Control System
4. Report of resolutions passed in the Management Committee on the 2nd quarter of 2018 		Approved 3/3
Round 1 2018.06.01 1. Report of the matters of establishment and the approval of announcement for substituting inaugural general meeting
2. Appointment of the Representative Director
3. Appointment of the chairperson of the Board of Directors
4. Appointment of the members of the Independent Director Recommendation Committee
5. Appointment of the members of the Management Committee
6. Appointment of the Compliance Officer
7. Appointment of the Transfer Agent
8. Establishment of the head office and branches
9. Establishment of company regulations
10. Approval of transactions between directors, etc. and the company
11. Approval of transactions between the largest shareholder, etc. and the company 		Approved 3/3

Sub-committees of the BOD

Board Sub-committees

Board Sub-committees
Number of
committees		 Members Key roles of the committees Activities in 2023
Management Committee
(Total of 2 members) 		Internal Director Jindal Yim (Representative Committee Member)
Internal Director Nakyang Seong 		1. Decision on the basic policy of corporate management and its changes
2. New business investment decision and investment
3. Matters concerning issuing bonds
4. Matters concerning the acquisition and disposal of important assets
5. Matters concerning the installation or closure of branches, plants, sales offices, business establishments local entities, and etc.
6. All matters expect those specified as matters to be granted to the BOD and those delegated to other committees. 		53 times
Outside Director Recommendation Committee
(Total 3 members) 		Outside Director Man-ki Jeong (Representative Committee Member)
Outside Director Ho-seong Kang
Internal Director Jindal Yim 		1. Establishment, review, and revise the principles of appointing outside directors
2. Recommendation of candidates for directors to be appointed by the shareholders' meeting
3. Regular validation and management of director candidates 		2 times
Audit Committee
(Total 3 members) 		Outside Director Hee-cheol Kim (Chairman)
Outside Director Man-ki Jeong
Outside Director Ho-seong Kang 		1. Audit the work and performance of top management and directors
2. Appointment of external auditors
3. Other matters concerning audit tasks specified in the articles of association or internal regulations 		7 times
Remuneration Committee
(Total 3 members) 		Outside Director Man-ki Jeong (Representative Committee Member)
Outside Director Ho-seong Kang
Internal Director Jindal Yim 		1. Matters regarding a registered director's remuneration limit
2. Matters necessary for a registered director's remuneration system
3. Appointment of a representative committee member 		0 times

There is no record of the Remuneration Committee's operation for 2024 as it was newly established in 2025.

Role and Operating Procedures of Each Committee

Article34(Committees)
The Company shall establish the following committees within the Board of Directors.
  • Non-executive Director Candidate Recommendation Committee
  • Audit Committee
  • Management Committee

The Company can establish an assortment of committees other than those specified in paragraph 1 within the Board of Directors by resolution of the Board of Directors for more efficient performance of the Company and the operation of the Board of Directors.

Details regarding the composition, authority and operation of each committee shall be determined by resolution of the Board of Directors.

The committees shall notify each director of resolutions. In this case, each director can request the relevant person to hold a meeting of the Board of Directors pursuant to Article 30 (2) within five days of receiving the notification, and the Board of Directors can rescind the resolutions made by the committee.

Article35(Non-executive Director Candidate Recommendation Committee)

The Company shall establish a Non-executive Director Candidate Recommendation Committee for the recommendation of candidates for non-executive directors.

The Non-executive Director Candidate Recommendation Committee shall be composed of two or more directors, and non-executive directors shall constitute at least one-half of the total number of the committee’s directors.

The Non-executive Director Candidate Recommendation Committee shall select a person to represent the committee by resolution of itself.

With regard to the resolution procedure for the Non-executive Director Candidate Recommendation Committee, all proposed resolutions shall be approved by a majority of the members present when a majority of all of the committee’s members are in attendance.

Article36(Audit Committee)

The Audit Committee shall consist of three or more directors, and two-thirds or more of its members shall be non-executive directors.

The Audit Committee shall select a person to represent the committee by resolution of itself, and in this case, the committee can decide to select multiple members to jointly represent it.

With regard to the resolution procedure for the Audit Committee, all proposed resolutions shall be approved by two-thirds of the members present when a majority of all of the committee’s members are in attendance.

The Audit Committee shall handle accounting and work audits for the Company and matters specified by the related rules and regulations of the Company, as well as matters delegated by the Board of Directors.

Article37(Management Committee)

The Company shall establish a Management Committee composed of standing directors.

The Management Committee shall select a person to represent the committee by resolution of itself, and in this case, the committee can decide to select multiple members to jointly represent it.

With regard to the resolution procedure for the Management Committee, all proposed resolutions shall be approved by a majority of the members present when a majority of all of the committee’s members are in attendance.

The Management Committee shall handle matters delegated by the Board of Directors in relation to the management of the Company.

Article38(Advisor and Counselor)

An adviser or a counselor can be appointed by resolution of the board or by resolution of the committee entrusted with the job by the Board of Directors.

Article39(Manager)

A manager can be appointed by resolution of the Board of Directors or by resolution of the committee entrusted with the job by the Board of Directors.

Audit Committee

The Audit Committee is composed by 3 outside directors including a finance and accounting specialist in accordance to the company’s Articles of Association and related law (Commercial Law 415-2, etc.). The committee carries out financial audit as well as audit of the company’s business.

Audit Committee Composition

(The names of standing auditor and non-standing auditors, their dates of appointment, terms of office, and, if an audit committee exists, the names of audit committee members)

Man-ki Jeong
Term of office

March 14, 2024 - Until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Chairman of the Korea
Industrial Association Forum

Outside Director of
Hydrogen Energy Network

Presidential Secretary
for Industry and Trade Founding

Chairman of the Global Industry Competitiveness Forum

Chairman of the Korea
Automobile Manufacturers Association

Executive Vice Chairman of the Korea International Trade Association

Hee-cheol Kim
Term of office

From March 14, 2024 until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Advisor at Kim & Chang Law Office

Outside Director ofHyundai Autoever Corp

Director of Investigation Division 1 at Seoul Regional Tax Office

Director of Planning and Coordination at the National Tax Service

Commissioner of the Gwangju Regional Tax Office

Commissioner of the Seoul Regional Tax Office

Chairman of The Tax Corp

Ho-seong Kang
Term of office

From March 14, 2024 until the Ordinary General Meeting of Shareholders in 2026

Possession of liability insurance

Yes

Profile

Advisor at CJ Corp

Prosecutor at the Seoul Central District Prosecutors' Office

Partner Attorney at Duwoo Law Firm

Partner Attorney at Bae, Kim & Lee LLC

Chief Legal Officer and Head of Corporate Support at CJ Group

CEO of CJ ENM

Head of Corporate Support at CJ Corp

Status of external auditors elected

Status of external auditors elected
Corporate name Agreement period Latest audit opinion Service contents
Samil PricewaterhouseCoopers 2023.01.01~2025.12.31 Qualified Audit, etc.
Samil PricewaterhouseCoopers 2020.01.01~2022.12.31 Qualified Audit, etc.
Samduk Nexia Accounting 2018.06.01~2019.12.31 Qualified Audit, etc.

Audit Organization's Activities

2024 Attendance of outside directors
Order Date Contents Result Attendance of outside directors
Round 7 2024.10.31 1. Report on the financial statements for the third quarter of 2024 Approved 3/3
Round 6 2024.07.26 1. Report on the operation and evaluation of the internal accounting control system
2. Report on the financial statements for the second quarter of 2024
3. Report on the operation of the internal accounting control system 		Approved 3/3
Round 5 2024.07.26 1. Appointment/discharge of a responsible person for the Audit Committee's affiliated organization
2. Report on the financial statements for the first quarter of 2024
3. Report on the 2024 Audit Committee Operation Plan 		Approved 3/3
Round 4 2024.03.16 1. Appointment of the representative member of the Audit Committee: Director Hee-cheol Kim Approved 3/3
Round 3 2024.02.24 1. Submission of the financial statements and business report for the 6th fiscal year (2023) Approved 3/3
Round 2 2024.02.24 1. Report on the operation and evaluation of the internal accounting control system for 2023
2. Submission of the auditor's opinion on the internal monitoring system
3. Report on amendment of the separate financial statements
4. Report on the operation and evaluation of the internal accounting control system (added) 		Approved 3/3
Round 1 2023.01.31 1. Report on the financial statements for the fourth quarter of 2023
2. Report on the operation and evaluation of the internal accounting control system for 2023 		Approved 3/3
2023 Attendance of outside directors
Order Date Contents Result Attendance of outside directors
Round 6 2023.10.26 1. Contract signing for non-audit services with the auditor
2. Submission of financial statements for the third quarter of 2023 		Approved 3/3
Round 5 2023.07.28 1. Report on the status evaluation of the internal accounting control system
2. Submission of financial statements for the second quarter of 2023
3. Report on the status of operation of the internal accounting control system 		Approved 3/3
Round 4 2023.04.28 1. Submission of financial statements for the first quarter of 2023
2. Establishment of the audit committee's operational plan for 2023 		Approved 3/3
Round 3 2023.02.23 1. Submission of an audit report for the financial statements and business report of the 5th fiscal year (2022) Approved 3/3
Round 2 2023.02.23 1. Report on the status of operation of the internal accounting control system for the year 2022
2. Submission of audit opinion on internal monitoring mechanisms
3. Report on changes to separate financial statements
4. Additional agenda item: Report on the status of operation of the internal accounting control system for the year 2022 		Approved 3/3
Round 1 2023.02.01 1. Submission of financial statements for the fourth quarter of 2022
2. Report on the status of operation of the internal accounting control system for the year 2022 		Approved 3/3
2022 Attendance of outside directors
Order Date Contents Result outside directors outside directors
Round 8 2022.12.16 1. Election of outside auditors
2. Concluded a non-audit service contract with an auditor 		Approved 3/3
Round 7 2022.11.10 1. Report on the financial statements for 3Q 2021 Approved 3/3
Round 6 2022.07.27 1. Report on the financial statements for 2Q 2021
2. Report on the status of operation of the internal accounting management system
3. Report on the assessment on the status of operation of the internal accounting management system 		Approved 3/3
Round 5 2022.04.28 1. Report on Possible Governance Improvements
2. Report on the financial statements for 1Q 2022
3. Operating plan for the 2022 Audit Committee Activities 		Approved 2/3
Round 4 2022.03.19 1. Appointment of representative audit committee member Approved 3/3
Round 3 2022.02.24 1. Submission of audit report on the 4th (Year 2021) financial statements and business report Approved 3/3
Round 2 2022.02.24 1. Report on the 4th (2021) Separate financial statements and sales report
2. Evaluation on the operating status assessment of the internal accounting management system in 2021
3. Submission of audit opinion on the internal audit system 		Approved 3/3
Round 1 2022.01.26 1. Report on the financial statements for 4Q 2021
2. Report on the status of operation of the internal accounting management system in 2021 		Approved 3/3
2021 Attendance of outside directors
Order Date Contents Result outside directors
Round 5 2021.10.29 1. Report on the financial statements for 3Q 2021 Approved 3/3
Round 4 2021.07.29 1. Report on the financial statements for 2Q 2021
2. Report on the status of operation of the internal accounting management system in the 1st semester of 2021
3. Report on the assessment on the status of operation of the internal accounting management system in the 1st semester of 2021 		Approved 3/3
Round 3 2021.04.30 1. Report on the financial statements for 1Q 2021
2. Operating plan for the 2021 Audit Committee Activities 		Approved 3/3
Round 2 2022.02.24 1. Evaluation on the operating status assessment of the internal accounting management system in 2020
2. Submission of audit opinion on the internal audit system
3. Submission of audit report on the 3rd (Year 2020) financial statements and business report 		Approved 3/3
Round 1 2022.01.26 1. Report on the financial statements for 2020
2. Report on the status of operation of the internal accounting management system in 2020 		Approved 3/3
2020 Attendance of outside directors
Order Date Contents Result outside directors
Round 7 2020.10.30 1. 2020 3rd quarter report on financial statements Approved 3/3
Round 6 2020.07.30 1. Assessment of operational status of internal accounting control system
2. 2020 2nd quarter report on financial statements
3. Report on operational status of internal accounting control system 		Approved 3/3
Round 5 2020.04.29 1. 2020 1st quarter report on financial statements
2. Consultation and report on non-audit service contract with auditors
3. 2020 report on the Audit Committee's operational plans 		Approved 3/3
Round 4 2021.03.21 1. Election of Audit Committee chair (representative) → Director Ingu Han elected Approved 3/3
Round 3 2021.02.27 1. Submission of Audit report on 2nd Term (2019) Financial Statements and Business Report Approved 3/3
Round 2 2021.02.27 1. Assessment of 2019 operational status of internal accounting control system
2. Submission of audit opinion on internal monitoring devices 		Approved 3/3
Round 1 2021.01.31 1. Report on 2019 4th quarter financial statements
2. Report on 2019 operational status and assessment of internal accounting control system 		Approved 3/3
2019 Attendance of outside directors
Order Date Contents Result outside directors
Round 7 2019.12.12 1. Election of outside auditors (2020~2022) Approved 3/3
Round 6 2019.10.30 1. Report on the financial statements for 3Q 2019 Approved 3/3
Round 5 2019.07.26 1. Report on the financial statements for 2Q 2019
2. Report on the status of operation of the internal accounting management system 		Approved 3/3
Round 4 2019.04.30 1. Report on the financial statements for 1Q 2019
2. Report on the plan for operation of the Audit Committee in 2019 		Approved 3/3
Round 3 2019.02.21 1. Submittal of the Auditor’s report on financial statements and business report concerning the 1st term (2018) Approved 3/3
Round 2 2019.02.21 1. Submittal of report on evaluation of the operation status of the internal accounting management system 2018
2. Submittal of the Auditor’s opinion on the internal watch system 		Approved 3/3
Round 1 2019.01.31 1. Revision of regulations on the In-house Accounting Management System
2. Report on financial statements for the 1st term (Jun. 1, 2018~Dec. 31, 2018)
3. Report on revision of Audit Committee-related regulations
4. Report on the status of operation of the internal accounting management system
5. Report on election of outside auditors 2019
6. Report on the status of non-audit service agreements signed with outside auditors 		Approved 3/3

General Meeting of Shareholders

Status of general shareholders meetings held

Status of general shareholders meetings held
Classification 2025 7th regular
general shareholders meeting		 2024 6th regular
general shareholders meeting		 2023 5th regular
general shareholders meeting
Date the
convocationwas resolved		 February 26 2025 February 26 2024 February 23 2023
Date the
convocationwas announced		 February 26 2025 February 26 2024 February 23 2023
Date the general shareholders
meeting was held		 March 20, 2025 (Thu) March 14, 2024 (Thu) March 16, 2023 (Thu)
Period between dates the general shareholders meeting was announced and held 22 days prior to the shareholders meeting 17 days prior to the shareholders meeting 21 days before the shareholders meeting
Venue/Region Head Office/Mapo-gu, Seoul Head Office/Mapo-gu, Seoul Head Office/Mapo-gu, Seoul
Method of notifying shareholders
of items concerning the general shareholders meeting 		Notice of the convocation of the general meeting of shareholders to shareholders having at least 1% shares, disclosure via the electronic disclosure systems of the Financial Supervisory Service and stock exchange for shareholders having less than 1% shares Notice sent to shareholders owning 1% or more, disclosure through the Financial Supervisory Service and exchange electronic disclosure system for shareholders owning less than 1% Send notice on convocation of general meeting of shareholders on 1% or more, Disclosure on e-Disclosure system in the Financial Supervisory Service and Exchange on less than 1%
Notice of convocationby a method
by which foreignshareholders can understand 		No English notice of the resolution of convocation of the general meeting of shareholders English disclosure of the shareholders' meeting convening resolution Notice in English on the convocation of general meeting of shareholders
Details Attendance by board members 2 out of 6 members attended 2 out of 6 members present 2 out of 5 members attended
Attendance by Auditors and Audit Committee members 1 out of 3 members attended (Representative Audit Committee Member) 1 out of 3 members present (Chief Audit Committee Member) out of 3 members attended (Representative Auditor)
Key contents of statements by shareholders 1) Speaking shareholders:
2 (2 individual shareholders)
2) Key points of the statement: statements in favor of agenda 		1) Speaking shareholders: 2 individuals (2 individual shareholders)
2) Key points of speech: Statements in favor of the agenda 		1) Shareholders providing statement: 2EA (2 individual shareholders)
2) Summary of main statements: Opinion on agreement to the agenda

Whether held at different venues, write-in/e-vote exercised, or proxy voting recommended or not

Whether held at different venues, write-in/e-vote exercised, or proxy voting recommended or not
Classification 2025 7th regular general
shareholders meeting		 2024 6th regular general
shareholders meeting		 2023 5th regular general
shareholders meeting
Whether the regular general shareholders meeting was held at different venues Yes Relevant Yes
Write-in voting exercised No No No
e-voting exercised No No No
Proxy voting recommended or not Yes Yes Yes

Details of pro and con votes by agenda item of 7th Term Regular General Shareholders Meeting

Details of pro and con votes by agenda item of 7th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda No. 1 Ordinary Approval of the financial statements for the 7th year (Jan. 1 - Dec. 31, 2024) Approved 4,468,022 2,632,863(58.9%) 2,610,771(99.2%)
22,092(0.8%)
Agenda No. 2 Agenda No. 2-1 Ordinary Appointment of Internal Director Jindal Yim Approved 4,468,022 2,632,863(58.9%) 2,626,281(99.8%)
6,582(0.2%)
Agenda No. 2-2 Ordinary Appointment of Internal Director Songjoo Choi Approved 4,468,022 2,632,863(58.9%) 2,584,280(98.2%)
48,583(1.8%)
Agenda No. 3 Ordinary Approval of a director's remuneration limit Approved 4,468,022 2,632,863(58.9%) 2,344,767(89.1%)
288,096(10.9%)
The number and ratio of shares represented by attending shareholders excluding the largest shareholders and related parties: 542,657 shares (12.1%)
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100

Details of pro and con votes by agenda item from past General Shareholders Meetings

2024 Extraordinary General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda No. 1 Extraordinary Partial amendment of Articles of incorporation Approved 4,468,022 2,760,740(61.8%) 2,759,675(99.9%)
1,065(0.1%)
Agenda No. 2 Ordinary Approval of Internal Director Nak Yang Seong Approved 4,468,022 2,760,740(61.8%) 2,752,650(99.7%)
8,090(0.3%)
The number and ratio of shares represented by attending shareholders excluding the largest shareholders and related parties: 542,657 shares (12.1%)
  • 1)) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item from past General Shareholders Meetings
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Ordinary Approval of the financial statements for the 6th fiscal year (Jan. 1, 2023 - Dec. 31, 2023) Approved 4,468,022 2,760,740(61.8%) 2,654,407(99.4%)
16,774(0.6%)
Agenda item No. 2 Agenda No. 2-1 Ordinary Appointment of internal director H.S. Cho Approved 4,468,022 2,671,181(59.8%) 2,109,394(79.0%)
561,791(21.0%)
Agenda No. 2-2-1 Ordinary Appointment of outside director Man-ki Jeong Approved 4,468,022 2,671,181(59.8%) 2,671,185(100.0%)
- (0%)
Agenda No. 2-2-2 Ordinary Appointment of outside director Ho-seong Kang Approved 4,468,022 2,671,181(59.8%) 2,671,185(100.0%)
- (0%)
Agenda item No. 3 Ordinary Appointment of outside director Hee-cheol Kim as a member of the Audit Committee Approved 2,592,576 795,739(30.7%) 795,739(29.8%)
- (0%)
Agenda item No. 4 Agenda No. 4-1 Ordinary Appointment of Man-ki Jeong as a member of the Audit Committee Approved 2,592,576 795,739(30.7%) 795,739(29.8%)
- (0%)
Agenda No. 4-2 Ordinary Appointment of Ho-seong Kang as a member of the Audit Committee Approved 2,592,576 795,739(30.7%) 795,739(29.8%)
- (0%)
Agenda item No. 5 Ordinary Approval of director
remuneration limit		 Approved 4,468,022 2,671,181(59.8%) 2,158,819(80.8%)
512,366(19.2%)
Number and ratio of shares represented by attending shareholders except for the largest shareholders and related parties: 622,810 shares (13.9%)
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item of 5th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Normal Approval of the 4th-Term
(‘21. 1. 1 ~ '22. 12. 31)
Financial Statements 		Approved 4,468,022 2,620,541(58.7%) 2,590,254(98.8%)
30,287(1.2%)
Agenda item No. 2 Normal Partial amendment of
Articles of incorporation 		Approved 4,468,022 2,620,541(58.7%) 2,233,275(85.2%)
387,266 (14.8%)
Agenda item No. 3 Agenda No. 3-1 Normal Approval of Internal Director Yongsoo Cho Approved 4,468,022 2,620,541 (58.7%) 2,618,547(99.9%)
1,994 (0.1%)
Agenda No. 3-2 Normal Approval of Internal Director Songjoo Choi Approved 4,468,022 2,620,541(58.7%) 2,617,195(99.9%)
3,346(0.1%)
Agenda item No. 4 Normal Approval of limitsof directors’ remuneration Approved 4,468,022 2,620,541(58.7%) 2,106,239(80.4%)
514,234(19.6%)
Number and ratio of shares represented by attending shareholders except for the largest shareholders and related parties: 619,265 shares (23.6%)
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item of 4th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Normal Approval of the 4th-Term
(‘21. 1. 1 ~ '22. 12. 31)
Financial Statements 		Approved 4,468,022 2,739,229(61.3%) 2,705,158(98.8%)
34,071(1.2%)
Agenda item No. 2 Agenda No. 2-1-1 Normal Appointment of Internal Director Cho Hyun-sang Approved 4,468,022 2,739,229(61.3%) 2,029,488 (74.1%)
709,741 (25.9%)
Agenda No. 2-1-2 Normal Appointment of Internal Director Lee Geon-jong Approved 4,468,022 2,739,229(61.3%) 2,728,855 (99.6%)
10,374 (0.4%)
Agenda No. 2-1-3 Normal Approval of Internal Director Lee Seung-han Approved 4,468,022 2,739,229(61.3%) 2,719,557 (99.3%)
19,672 (0.7%)
Agenda No. 2-2-1 Normal Approval of Internal Director Kim Dong-geon Approved 4,468,022 2,739,229(61.3%) 2,702,405 (98.7%)
36,824 (1.3%)
Agenda No. 2-2-2 Normal Approval of Outside Director Lee Sang-yeop Approved 4,468,022 2,739,229(61.3%) 2,712,571 (99.0%)
27,378 (1.0%)
Agenda item No. 3 Normal Approval of Outside Director Han In-gu as Audit Committee member Approved 2,704,115 975,322(36.1%) 956,109 (98.0%)
19,213 (2.0%)
Agenda item No. 4 Agenda No. 4-1 Normal Appointment of Kim Dong-geon as Audit Committee member Approved 2,704,115 975,322(36.1%) 946,629 (97.8%)
28,693 (2.2%)
Agenda No. 4-2 Normal Approval of Lee Sang-yeop as Audit Committee member Approved 2,704,115 975,322(36.1%) 954,222 (97.8%)
28,693 (2.2%)
Agenda item No. 5 Normal Approval of limits of directors’ remuneration Approved 4,468,022 2,739,229(61.3%) 2,157,352 (78.8%)
581,876 (21.2%)

Number and ratio of shares represented by attending shareholders except for the largest shareholders and related parties : 749,233shares(16.8%)

Indicate the number of shares excluding those whose voting right is restricted (over 3%) for the election of Audit Committee members
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item of 3th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Normal Approval of 3rd term ('20. 1. 1 ~ '20. 12. 31) financial statements Approved 4,468,022 2,450,661(54.8%) 2,438,379 (99.5%)
12,282 (0.5%)
Agenda item No. 2 Extraordinary Partial amendment of Articles of incorporation Approved 4,468,022 2,450,661(54.8%) 2,450,661 (100.0%)
-
Agenda item No. 3 Normal Approval of limits of directors’ remuneration Approved 4,468,022 2,450,661(54.8%) 2,264,061 (92.4%)
186,600 (7.6%)
Number and ratio of shares represented by attending shareholders except for the largest shareholders and related parties: 461,907 shares (10.3%)
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item of 2th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Normal Approval of 2nd term (2019. 01. 01 ~ 2019. 12. 31) financial statements Approved 4,468,022 3,034,132(67.9%) 2,961,289 (97.6%)
72,843 (2.4%)
Agenda item No. 2 Agenda No. 2-1-1 Normal Election of Jeongmo Hwang as internal director Approved 4,468,022 3,034,132(67.9%) 2,958,674 (97.5%)
75,458 (2.5%)
Agenda item No. 2-1-2 Normal Election of Seunghan Kim as internal director Approved 4,468,022 3,034,132(67.9%) 2,998,041 (98.8%)
36,091 (1.2%)
Agenda item No. 2-2-1 Normal Election of Donggeon Kim as internal director Approved 4,468,022 3,034,132(67.9%) 2,999,788 (98.9%)
34,344 (1.1%)
Agenda item No. 2-2-2 Normal Election of Ingu Han as external director Approved 4,468,022 3,034,132(67.9%) 2,968,377 (97.8%)
65,755 (2.2%)
Agenda item No. 2-2-3 Normal Election of Sangyeop Lee as external director Approved 4,468,022 3,034,132(67.9%) 3,002,633 (99.0%)
31,499 (1.0%)
Agenda item No. 3 Agenda item No. 3-1 Normal Election of Donggeon Kim as Audit Committee member Approved 2,528,878 1,094,988(43.3%) 1,064,595 (97.2%)
30,303 (2.8%)
Agenda item No. 3-2 Normal Election of Ingu Han as Audit Committee member Approved 2,528,878 1,094,988(43.3%) 1,029,233 (94.0%)
65,755 (6.0%)
Agenda item No. 3-3 Normal Election of Sangyeop Lee as Audit Committee membe Approved 2,528,878 1,094,988(43.3%) 1,065,854 (97.3%)
29,134 (2.7%)
Agenda item No. 4 Normal Approval of limits of directors’ remuneration Approved 4,468,022 3,034,132(67.9%) 2,450,416 (80.8%)
583,716 (19.2%)

Number and ratio of shares represented by the attending shareholders except for the largest shareholders and related parties : 749,233shares(16.8%)

Indicate the number of shares excluding those whose voting right is restricted (over 3%) for the election of Audit Committee members
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100
Details of pro and con votes by agenda item of 1th Term Regular General Shareholders Meeting
Agenda item Resolution category Purpose (agenda)
items of the meeting		 Approved or not Total number of shares issued with voting rights (①) Number of shares with voting rights (A) among those under ① 1) Number of assenting shares (B) (attendance rate, %) 2)
Number of opposing or abstaining votes (C) (ratio, %) 3)
Agenda item No. 1 Normal Approval of 1st term (2018. 06. 01 ~ 2018. 12. 31) financial statements Approved 4,468,022 3,223,079(72.1%) 3,146,041 (97.6%)
77.038 (2.4%)
Agenda item No. 2 특별 Partial amendment of Articles of incorporation Approved 4,468,022 3,223,079(72.1%) 3.223,079 (100%)
0 (0%)
Agenda item No. 3 Normal Approval of limits of directors’ remuneration Approved 4,468,022 3,223,079(72.1%) 3.223,079 (100%)
0 (0%)
Number and ratio of shares represented by attending shareholders except for the largest shareholders and related parties: 461,907shares(10.3%)
  • 1) Numbers of shares (A) = Number of shares (B) + Number of shares (C)
  • 2) Ratio of assenting shares (%) = (B/A) x 100
  • 3) Ratio of opposing and abstaining shares (%) = (C/A) x 100

Credit Rating

Credit Rating

Credit Rating
Year Review Target Credit Rating Rating Agency
2024 Commercial Paper A2 NICE Investors Service
2024 Commercial Paper A2 Korea Investors Service
2024 Corporate Bonds A/Stable NICE Investors Service
2024 Corporate Bonds A/Stable Korea Investors Service
2023 Commercial Paper A2 NICE Information Service
2023 Commercial Paper A2 Korea Investors Service, Inc.
2023 Corporate Bonds A/Stable NICE Information Service
2023 Corporate Bonds A/Stable Korea Investors Service, Inc.
2022 Commercial Paper A2 NICE Information Service
2022 Commercial Paper A2 Korea Investors Service, Inc.
2022 Corporate Bonds A/Positive NICE Information Service
2022 Corporate Bonds A/Positive Korea Investors Service, Inc.
2021 Commercial Paper A2 NICE Information Service
2021 Commercial Paper A2 Korea Investors Service, Inc.
2021 Corporate Bonds A/Positive NICE Information Service
2021 Corporate Bonds A/Stable Korea Investors Service, Inc.
2020 Commercial Paper A2 NICE Information Service
2020 Commercial Paper A2 Korea Investors Service, Inc.
2020 Corporate Bonds A/Stable NICE Information Service
2020 Corporate Bonds A/Stable Korea Investors Service, Inc.