IT'S HANBUL disclosed its corporate governance report as of May 28, 2026. The largest shareholder holds 61.59%, and minority shareholders hold 18.75%.
13 out of 15 key governance indicators were not complied with. Non-compliances include failure to send AGM notice 4 weeks in advance, no electronic voting, no avoidance of concentrated AGM dates, absence of a CEO succession plan, lack of risk management and compliance policies, and a board and audit committee composed entirely of males.
For 2025, consolidated revenue was 1,533.9B KRW, operating profit 192.2B KRW, and net profit 326B KRW, up 7.7%, 7.4%, and 9.7% year-on-year, respectively.
Dividends have been paid for 11 consecutive years. For 2025, a dividend of 275 won per share (dividend yield 2.41%) was paid. The individual dividend payout ratio is 28%, and the company aims to maintain a cash dividend payout ratio of around 25% of net profit through its value-up plan. There are no plans for share buybacks or cancellations.
The board consists of 3 inside directors and 3 outside directors, with the audit committee and internal transaction committee composed entirely of outside directors. However, the CEO concurrently serves as the board chair.
The external auditor is Daejoo Accounting Corporation, designated by the Securities and Futures Commission. The audit committee communicates with the external auditor at least quarterly, but management (finance team head) attends, compromising full independence.
A specific shareholder return policy has not been established, but a value-up plan was filed in March 2026 in a simplified format, presenting a dividend payout target.
[AI Comprehensive Analysis]IT'S HANBUL's corporate governance report reveals significant governance risks due to non-compliance with most key indicators. Improvements are needed particularly in shareholder protection mechanisms (e-voting, 4-week notice, dividend predictability) and board diversity (gender, CEO succession). While stable dividend payments and financial growth are positive, it will be difficult to expect a corporate value premium without mid- to long-term governance improvements.