Court Partially Approves Extraordinary General Meeting in Management Dispute - Includes Director Removal and Charter Amendment
Seoul Eastern District Court issued a decision on 2026-05-18 to permit the convening of an extraordinary general meeting.
Partial approval of the application by applicants Jang and 7 others: agenda includes charter amendment, removal of inside directors Lee Byung-jae and Park Ki-hoon, removal of non-executive director Lee Seung-hwan, removal of outside directors Kim Ji-hyo and Lee Si-jeong, and appointment of outside director Dan Seong-han.
The remaining requests of the applicants were dismissed.
This decision is an extension of the management dispute lawsuit filed on 2026-04-27.
KOSDAQ Filing Information
Filing: Judgment/Decision on Lawsuit, etc. (Management Dispute Lawsuit) (Permission to Convene Shareholders' Meeting)