Appointment of New Outside Director During Rehabilitation, Board Composition Unchanged
KODACO appointed Cho Jong-kyung as a new outside director on May 21, 2026, with court approval in the rehabilitation process, for a one-year term
Total registered directors remain at 4, outside directors at 1, maintaining a 25% outside director ratio
The new outside director has experience as a branch manager at KB Kookmin Bank and director at Basic Asset Management
This is a routine appointment within the court-supervised rehabilitation plan, with no immediate impact on shareholder value
[AI Summary]The appointment of an outside director under court approval does not alter the board composition, resulting in a neutral impact on stock value or governance. The financial background of the new director may support future capital restructuring, but no short-term price catalyst is expected.
KOSDAQ Filing Information
Filing: Report on Appointment, Dismissal or Mid-Term Resignation of Outside Directors