Corporate Governance Report Filed - Multiple Key Indicators Non-Compliant, Lack of Shareholder Return Policy Highlights Need for Improvement
13 out of 15 core governance indicators non-compliant (e.g., no convocation notice 4 weeks before AGM, no electronic voting, no dividend predictability, no CEO succession plan, independent director not chair, insufficient internal audit independence)
Board consists of 3 inside directors and 1 outside director; no board committees established. Outside director attendance rate low at 56%
Audit body: 1 full-time auditor, no accounting/finance expert. Internal audit support team (5 in internal accounting audit, 2 in legal) lacks independence
No shareholder return policy established. DPS of 250-270 won over past 3 years, but dividend amount decided after record date, reducing predictability. Payout ratio (consolidated) 19.0% (FY2025)
External auditor: Samhwa Accounting Corp. appointed for 3 fiscal years (45th-47th). Selected through Audit Committee; no non-audit services
Major shareholders hold 62.02%, minority 37.98%. Consolidated revenue 777.1B won, operating profit 55.4B won, net income 38.5B won (FY2025)
No share buyback during the period (historical buybacks exist). No value-up plan disclosed