Corporate Governance
Total Shares Issued
| Category | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Ordinary Shares | 125,362,497 | 133,822,497 | 137,292,497 | 137,292,497 | 137,292,497 |
| Preferred Shares | - | - | - | - | - |
Shareholder Structure
4.03
%
ESOP
7.59
%
Industrial
Bank of Korea
Bank of Korea
13.96
%
Treasury Shares
45.37
%
Foreigners
29.05
%
Domestic Individuals and
Institutional Investors
Institutional Investors
38th General Shareholders’ Meeting
Overview
| Category | Content |
|---|---|
| No. of shares with voting rights | 107,856,043 |
| Shares present | 91,736,706 |
| Participation rate | 85.10% |
| Participation rate excluding the largest shareholders and affiliated persons(%) | 76.2% (Largest shareholder as of end Dec 2023 is the Industrial Bank of Korea (IBK), and there are no shares owned by affiliated persons.) |
Annual General Meeting of Shareholders Results
| No. | Agenda | Approval Rate % | Result |
|---|---|---|---|
| No.1 | Approval of Financial Statements and Statement of Appropriation of Retained Earnings for the 38th Fiscal Year | 99.4% | Approved |
| No.2 | Partial Amendments to the Articles of Incorporation | - | - |
| No.2-1 | Clarification of the Number of Directors | 99.9% | Approved |
| No.2-2 | Alignment of Provisions Regarding the Appointment of Audit Committee Members | 84.9% | Approved |
| No.2-3 | Clarification of the Method for Appointment of the President | 72.2% | Approved |
| No.2-4 | Amendment Regarding the Quarterly Dividend Record Date | 99.9% | Approved |
| No.3 | Appointment of Sang-Hak Lee as Inside Director | 98.7% | Approved |
| No.4 | Appointment of Two (2) Outside Directors | - | - |
| No.4-1 | Appointment of Kwan-Soo Shon as Outside Director | 97.3% | Approved |
| No.4-2 | Appointment of Jee-Hee Lee as Outside Director | 98.6% | Approved |
| No.5 | Appointment of Kwan-Soo Shon as Audit Committee Member | 98.1% | Approved |
| No.6 | Approval of Cap on Remunerations for Directors | 99.6% | Approved |
*Shares present: Total number of common shares with voting rights represented at the opening of the Meeting.
(The number of common shares with voting rights for each resolution item at the Annual General Meeting of shareholders' may vary according to relevant laws and regulations which may result in different numbers of voting shares present for each resolution.)
(The number of common shares with voting rights for each resolution item at the Annual General Meeting of shareholders' may vary according to relevant laws and regulations which may result in different numbers of voting shares present for each resolution.)
Adoption of concentrated voting system, system of voting in writing and electronic voting system
Concentrated voting system
- Concentrated voting system is introduced through the modification of the Articles of Association at the time of regular stockholder’s meeting on 2001.3.23
- There must be right to claim appointment of director in accordance with the concentrated voting system for the stockholders with more than 1/100 of the total number of stocks issued with voting rights of the company and the stockholder wishing to exercise the said right must submit claim to the company in writing or electronic document at least 6 weeks prior to the date of stockholder’s meeting (in the case of regular stockholder’s meeting, the date of regular stockholder’s meeting in the immediately preceding year).* Related Laws: Commercial Act Article 542-7 and Commercial Act Enforcement Decree Article 12
Electronic Voting System
- Adoption of the Electronic voting system to enhance convenience of shareholders’ exercise of voting rights by decision of Board of Directors on February 10th, 2022