Corporate Governance
Total Shares Issued
| Category | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Ordinary Shares | 117,976,645 | 125,362,497 | 133,822,497 | 137,292,497 | 137,292,497 |
| Preferred Shares | - | - | - | - | - |
Shareholder Structure
4.33
%
ESOP
8.06
%
Industrial
Bank of Korea
Bank of Korea
12.03
%
Treasury Shares
43.67
%
Foreigners
31.91
%
Domestic Individuals and
Institutional Investors
Institutional Investors
39th General Shareholders’ Meeting
Overview
| Category | Content |
|---|---|
| No. of shares with voting rights | 103,787,644 |
| Shares present | 89,510,871 |
| Participation rate | 86.24% |
| Participation rate excluding the largest shareholders and affiliated persons(%) | 77.1% (Largest shareholder as of end Dec 2025 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 |
|---|---|---|---|
| Agenda No. 1 | Approval of Financial Statements and Statement of Appropriation of Retained Earnings for the 39th Fiscal Year | 99.2% | Approved |
| Agenda No. 2 | Partial Amendment to the Articles of Incorporation | - | - |
| Agenda No. 2-1 | Addition of Business Objectives | 99.7% | Approved |
| Agenda No. 2-2 | Introduction of e-GMS | 99.7% | Approved |
| Agenda No. 2-3 | Renaming of Independent Non-Executive Director Position | 99.7% | Approved |
| Agenda No. 2-4 | Revision of Cumulative Voting Regulations | 99.6% | Approved |
| Agenda No. 2-5 | Increase in Number of Audit Committee Members to be Separately Elected | 99.7% | Approved |
| Agenda No. 2-6 | Revision of Regulation on Severance Pay for Inside Directors and Managing Executive Officers | 99.7% | Approved |
| Agenda No. 2-7 | Establishment of the Regulation on Holding or Disposing of Treasury Shares | 99.3% | Approved |
| Agenda No. 3 | Amendment to Regulation on Severance Pay for Inside Directors | 99.4% | Approved |
| Agenda No. 4 | Appointment of Hwan-Yong Nho as Independent Non-Executive Director | 99.4% | Approved |
| Agenda No. 5 | Appointment of Hwan-Yong Nho as Audit Committee Member | 99.5% | Approved |
| Agenda No. 6 | Appointment of Soong-Soo Han as Independent Non-Executive Director to Become Audit Committee Member | 99.4% | Approved |
| Agenda No. 7 | Approval of Cap on Remuneration for Directors | 98.4% | Approved |
| Agenda No. 8 | Approval of the Plan for Holding and Disposal of Treasury Shares | 99.7% | 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