Korea District Heating Corporation Appoints New Outside Director Jeong Woo-sik Board Composition Unchanged

Korea District Heating Corporation appointed Jeong Woo-sik as a new outside director at an extraordinary general meeting on June 30 2026 replacing Lee Hyun-joo whose term expired.
New outside director Jeong Woo-sik currently serves as co-chair of the Korea Renewable Energy Association and founding chairman of the UAM Safety Technology Center.
The appointment follows the Public Institutions Operation Act requiring appointment by the Minister of Economy and Finance. The board retains 10 registered directors with 6 outside directors maintaining a 60 percent ratio.
This outside director change is a routine governance disclosure involving no capital changes or financial impact and has limited effect on existing shareholder value.
[AI Summary]This disclosure is a routine replacement of an outside director at Korea District Heating Corporation with no capital increase or funding plans and no financial impact. Therefore it is neutral for existing shareholder value.