HWASHIN Files 2025 Corporate Governance Report: 7 Out of 15 Core Indicators Non-Compliant, But Shareholder Return Policy Maintained
HWASHIN submitted its 2025 corporate governance report as of December 31, 2025, complying with 7 out of 15 core indicators and failing to meet 8.
Non-compliance items include failure to announce convocation 4 weeks prior to the general meeting, absence of a CEO succession policy, the board chair not being an independent director, and lack of gender diversity.
The company established a mid-to-long-term dividend policy in May 2024, targeting a payout ratio of around 7% of consolidated net income, and paid a cash dividend of KRW 170 per share for FY2025.
No share buyback or cancellation plans are in place, but improvements to enhance dividend predictability are under review.
The board consists of 2 inside directors and 3 outside directors (60%), and the audit committee is composed entirely of outside directors.
Although a company-wide risk management policy is absent, compliance management, internal accounting management, and disclosure information management policies are in operation.
Samduk Accounting Corporation was appointed as external auditor, with regular communication with the audit committee; however, the Q1 2025 meeting was held via written correspondence instead of in-person.
On March 31, 2026, the board resolved to establish an Independent Director Nomination Committee to strengthen independence in the outside director selection process.
[AI Comprehensive Analysis]This report is a routine governance disclosure and does not constitute a direct positive or negative event for corporate value. However, the numerous non-compliance items indicate a need for governance improvement, requiring enhanced shareholder protection efforts in the long term.