Management Dispute: Shareholders Demand EGM and Full Board Replacement
Management dispute: Shareholders (Yoon et al.) filed for permission to convene an extraordinary general meeting at Busan District Court (filed May 11, 2026)
Agenda: no-confidence in chair and appointment of interim chair, removal of 3 inside directors and 2 outside directors, removal of auditor, appointment of 8 new directors and new auditor
Petitioners seek to replace entire management and reconstitute board with their nominees
Company will respond according to legal procedures
KOSDAQ Filing Information
Filing: Filing Of Lawsuit, Etc. / Application (Management Dispute Lawsuit) (Permit For Convening Extraordinary General Meeting Of Shareholders)