Governance

Hankook Tire & Technology practices a transparent and stable management policy.

Philosophy

Strict Ethical Management

We review ethical risks, suggest directions for ethical decisions, and further reinforce the operational system designed to report unethical behaviors, as part of our continuous efforts to internalize ethical management.
Transparent Governance

We have established an advanced corporate governance with a focus on the BOD to protect the rights of shareholders and improve transparency and expertise in the corporate management, thereby putting the highest priority on the interests of the company and various stakeholders and ensuring a transparent decision-making process.

Board of Directors

Executive Director

Jongseon Ahn

• Current) Co-CEO and President of Hankook Tire & Technology (and Head of Management Innovation Headquarters)
• Former) CEO and President of Hankook & Company (and Head of ES Business Headquarters)
• Former) COO and President of Hankook & Company (and Head of ES Business Headquarters)
• Member of the Management Committee
• Member of the Outside Director Candidate Recommendation Committee
• Member of the ESG Committee
• Date of initial appointment : March 26, 2025
• Expected date of term expiration : March 26, 2028

Sanghoon Lee

• Current) Co-CEO and President of Hankook Tire & Technology (and Head of Marketing Headquarters)
• Former) Executive Vice President, Head of Europe Headquarters, Hankook Tire & Technology
• Former) Senior Vice President , Head of China Regional Headquarters, Hankook Tire
• Chairperson of the Management Committee
• Member of the Outside Director Candidate Recommendation Committee
• Member of the ESG Committee
• Date of initial appointment : March 26, 2025
• Expected date of term expiration : March 26, 2028

Jeongsoo Park

• Current) Senior Vice President, Head of Finance & Accounting Division, Hankook Tire & Technology
• Current) Senior Vice President, Head of Financial Planning Office, Hankook & Company
• Former) Vice President, Head of Finance & Accounting Department, Hankook Tire & Technology
• Member of the Management Committee
• Member of the Outside Director Candidate Recommendation Committee
• Member of the ESG Committee
• Date of initial appointment : March 26, 2025
• Expected date of term expiration : March 26, 2028

Independent Director

Jonggap Kim

Chairperson of the Board
Member of the ESG Committee
Member of the Outside Director Candidate Recommendation Committee
Member of the Internal Transaction Committee
Member of the Compensation Committee
Bachelor of the Business Administration, Yonsei University
Master’s Degree from Duke University
Barclays Bank Seoul Branch
Execitove of Citibank Seoul Branch
Representative of Deutsche Bank Seoul Branch
Date of initial appointment: March 30, 2021
Expected date of term expiration: March 30, 2027

Youngjae Kang

Chair of the Related Party Transactions Committee
Member of Compensation Committee
Member of the ESG Committee
Member of the Outside Director Candidate Recommendation Committee
M.A. in Economics, Seoul National University
Ph.D. in Economics, Princeton University
Vice President, N Platform
Vice President, HiteJinro
Chief Executive Officer, HiteJinro Beverage
Co-Chief Executive Officer, Koisra Seed Partners
Current) Partner, ENSL Partners
Initial Appointment Date: March 30, 2021
Term Expiration Date: March 30, 2027

Hojune Chang

Member of the Internal Transactions Committee
Member of the ESG Committee
Member of the Outside Director Candidate Recommendation Committee
Member of the Compensation Committee
Member of the Audit Committee
Chief Executive Officer, ReFine
Head of Retail Banking Group and Senior Executive Vice President, Standard Chartered First Bank Korea
Head of Retail Banking Division and Executive Vice President, Standard Chartered First Bank Korea
Head of Wealth Management Division and Managing Director, Standard Chartered Bank Korea
Head of Deposit Products Team and Deputy Managing Director, Standard Chartered Bank Korea
Director, PB Business Team, Standard Chartered First Bank Korea
Team Leader, Management Strategy Team, Accenture
Management Strategy Consultant, McKinsey & Company
Initial Appointment Date: March 26, 2026
Term Expiration Date: March 26, 2029

Sungkwon Han

Chairperson of the Compensation Committee
Chairperson of the Outside Director Candidate Recommendation Committee
Member of the ESG Committee
Member of the Audit Committee
Bachelor of the Business Administration, Dongkook University
Master of the Business Administration, The George Washington University
Executive Director, Human Resources Support, Planning and Coordination Office, Hyundai Motor Group
Vice President, Human Resources Support, Planning and Coordination Office, Hyundai Motor Group
Director of Hyundai Motor Group Human Resources Development Center
President, Commercial Business Division, Hyundai Motor Company
Vice Chairman of Hyundai Motor Chung Mong-Koo Foundation
Current) Full-time Advisor of SK On
Current) Outside director of Iljin Hysolus
Date of initial appointment: March 30, 2024
Expected date of term expiration: March 30, 2027

Doocheol Moon

Chairperson of the Audit Committee
Chairperson of the ESG Committee
Member of the Outside Director Candidate Recommendation Committee
Member of the Compensation Committee
Bachelor of the Business Administration, Hanyang University
Master of the finance, Hanyang University
Master of the finance, Investment & Banking, University of Wisconsin
Doctor of the Business Administration, The City University of New York
Assistant Professor, State University of New York at Old Westbury
Public institution management evaluation committee member, Ministry of Strategy and Finance
Korea Economic Daily, Korea ESG Club Advisory Professor
President of the Small and Medium Business Administration
Korea Exchange, ESG Management Advisory Committee Advisory Member
Current) Korean Accounting Association, Editor-in-Chief of Accounting Studies
Current) Korea Technology Finance Corporation, ESG Management Committee Co-Chairman
Current) Director, Sustainability Management Research Center, Yonsei University
Current) Teachers’ Pension, Asset Management Committee Member
Current) Outside director at LG Display
Current) Professor at Yonsei University Business School
Date of initial appointment: March 30, 2024
Expected date of term expiration: March 30, 2027

Board of Directors and Sub-committees

Board of Directors

Hankook Tire & Technology’s BOD has been created to deliberate and provide advice on important corporate issues, matters regulated under the laws and the articles of incorporation, details entrusted by the periodical BOD, basic policies for corporate operation, and essential matters pertaining to management support. In addition, the BOD is entitled to supervise the directors' performance of their duties and complies with the domestic Commercial Act, which requires a company worth 2 trillion KRW or more to have a BOD with 50% of its members composed of outside directors. Hankook Tire & Technology's BOD consists of 3 inside directors and 5 outside directors. The chairperson of the board is Jonggap Kim, an outside director.

Directors that form the BOD of Hankook Tire & Technology are appointed at the general meeting of shareholders in accordance with Article 382 of the Commercial Act in Korea, and they face no discrimination based on their gender, race, or origin. Candidates for directors to be appointed at the general meeting of shareholders are selected by the BOD and the Outside Director Candidate Recommendation Committee, and they are finalized under the agenda to be submitted to the general meeting of shareholders. If a shareholder makes a proposal pursuant to pertinent laws and regulations regarding the appointment of the directors, the BOD submits such proposal as an agenda to the general meeting of shareholders within the legal domain.

Hankook Tire & Technology's BOD operates 6 committees: the Audit Committee, the Outside Director Candidate Recommendation Committee, the Management Committee, the Internal Transaction Committee, the ESG Committee, and the Compensation Committee. Hankook Tire & Technology's articles of incorporation allow the BOD to create separate committees if deemed necessary.
Audit Committee
Hankook Tire & Technology's Audit Committee consists of 3 members, all of whom are outside directors.
- Doocheol Moon (Appointed on March 30, 2024)
  - • Chair of the Audit Committee
  - • Chair of the ESG Committee
  - • Member of the Outside Director Candidate Recommendation Committee
  - • Member of the Compensation Committee
  - • B.B.A. in Business Administration, Hanyang University / M.S. in Finance, Hanyang University
  - • M.S. in Finance, Investment & Banking, University of Wisconsin, USA
  - • Ph.D. in Business Administration, City University of New York, USA
  - • Professor, State University of New York at Old Westbury, USA
  - • Member, Public Institution Management Evaluation Committee, Ministry of Economy and Finance
  - • Advisory Professor, Korea ESG Club, The Korea Economic Daily
  - • President, Korea Academic Society of Small Business Management Advisor, ESG Management Advisory Committee, Korea Exchange
  - • Current) Editor-in-Chief, Korean Accounting Journal, Korean Accounting Association
  - • Current) Co-Chair, ESG Management Committee, Korea Technology Finance Corporation
  - • Current) Director, Center for Sustainability Management, Yonsei University
  - • Current) Member, Asset Management Committee, Government Employees Pension Service
  - • Current) Outside Director, LG Display
  - • Current) Professor, Yonsei University School of Business
  - • Initial Appointment Date: March 30, 2024
  - • Term Expiration Date: March 30, 2027
- Sungkwon Han (Appointed on March 3, 2024)
  - • Chair of the Outside Director Candidate Recommendation Committee
  - • Chair of the Compensation Committee
  - • Member of the ESG Committee
  - • Member of the Audit Committee
  - • B.A. in Business Administration, Dongguk University
  - • M.B.A., The George Washington University, USA
  - • Executive Vice President, HR Support, Corporate Planning & Coordination Office, Hyundai Motor Group
  - • Senior Executive Vice President, HR Support, Corporate Planning & Coordination Office, Hyundai Motor Group
  - • President, Hyundai Motor Group Human Resources Development Center
  - • President, Commercial Vehicle Business Division, Hyundai Motor Company
  - • Vice Chairman, Hyundai Motor Chung Mong-Koo Foundation
  - • Current) Standing Advisor, SK On
  - • Current) Outside Director, Iljin Hysolus
  - • Initial Appointment Date: March 30, 2024
  - • Term Expiration Date: March 30, 2027
- Hojune Chang (Appointed on March 26, 2026)
  - • Member of the Internal Transactions Committee
  - • Member of the ESG Committee
  - • Member of the Outside Director Candidate Recommendation Committee
  - • Member of the Compensation Committee
  - • Member of the Audit Committee
  - • Chief Executive Officer, ReFine
  - • Head of Retail Banking Group and Senior Executive Vice President, Standard Chartered First Bank Korea
  - • Head of Retail Banking Division and Executive Vice President, Standard Chartered First Bank Korea
  - • Head of Wealth Management Division and Managing Director, Standard Chartered Bank Korea
  - • Head of Deposit Products Team and Deputy Managing Director, Standard Chartered Bank Korea
  - • Director, PB Business Team, Standard Chartered First Bank Korea
  - • Team Leader, Management Strategy Team, Accenture
  - • Management Strategy Consultant, McKinsey & Company
  - • Initial Appointment Date: March 26, 2026
  - • Term Expiration Date: March 26, 2029
Outside Director Candidate Recommendation Committe

As a corporation with the total asset that exceeds KRW 2 trillion, Hankook Tire & Technology is required to have the Outside Director Candidate Recommendation Committee to recommend the outside director candidates under Article 542-8 (4) of the Commercial Act. The Outside Director Candidate Recommendation Committee of Hankook Tire & Technology consists of Jongseon Ahn, Sanghoon Lee, Jeongsoo Park, Jonggap Kim, Youngjae Kang, Hojune Chang, Sungkwon Han and Doocheol Moon, of which, Jonggap Kim, Youngjae Kang, Hojune Chang, Sungkwon Han and Doocheol Moon are outside directors. And the chairperson of the Outside Director Candidate Recommendation Committe is Sungkwon Han. The term for the chairperson and members of the Outside Director Candidate Recommendation Committe is until the term expiration of the director.
Management Committee

As a result of our active business activities unfolded to respond to the global competition which has recently grown more fierce, the number of BOD meetings, which is the highest decision-making body, and the number of affairs dealt with have increased significantly. Hankook Tire & Technology runs the Management Committee within the BOD to reduce the number of BOD meetings convened and associated procedures, and improve the business expertise and efficiency by making rapid decisions.

Due to the activities of the Management Committee, the periodic board meetings have been specialized as a discussion body for core agendas, and the BOD activities are systematically improved to further reinforce responsible management. Hankook Tire & Technology's Management Committee is chaired by Sanghoon Lee, consisting of inside directors. The term for the Management Committee is until the term expiration of the director.
Internal Transaction Committee

The Internal Transaction Committee is a “committee within the BOD” established to supervise internal transactions and improve transparency in the corporate management by establishing a voluntary compliance system for fair trade. Article 393-2 of the Commercial Act, Article 43 of the Articles of Incorporation, and Article 11 (1) of the Board of Directors Operational Regulations requires the company to establish and operate the Internal Transaction Committee with the authority to approve large-scale internal transactions assigned from the BOD.

In accordance with the Monopoly Regulation and Fair Trade Act, the Committee monitors and supervises unfair transactions through the preliminary review and the approval of transactions with affiliates and affiliated persons. The Internal Transaction Committee of Hankook Tire & Technology is composed of outside directors Jonggap Kim, Youngjae Kang, and Hojune Chang as outside directors. And the chairperson of the Internal Transaction Committe is Youngjae Kang. The term for the chairperson and members of the Internal Transaction committee is until the term expiration of the director.
ESG Committee

Our ESG Committee is a board committee designed to advise, deliberate, and decide on the most appropriate environmental, social, and governance-related directions so as to emphatically reinforce the sustainable development based on its economic, social, and environmental responsibilities as an enterprise.

Hankook Tire & Technology’s ESG Committee was created by the resolutions implemented by the Board of Directors. The committee consists of at least three directors and its majority must be made up of outside directors. The chairperson is commissioned among its members by the resolutions, and the committee members are appointed or dismissed by the resolutions decided on by the board of directors.

An outside director Doocheol Moon was appointed as the chairperson of the ESG committee, which entirely consists of inside and outside directors, among which five of them are Jonggap Kim, Youngjae Kang, Hojune Chang, Sungkwon Han and Doocheol Moon. The term for the chairperson and members of the ESG is until the term expiration of the director.
Compensation Committee

The Compensation Committee is a committee under the Board of Directors established to enhance objectivity, transparency, and procedural legitimacy in determining director remuneration.

According to its operating regulations, the Committee must consist of three or more directors, with a majority being independent directors. The Chairperson is elected from among the members, and the appointment or dismissal of members is determined by Board resolution.

To ensure independence, the Compensation Committee of Hankook Tire & Technology is composed entirely of independent directors. By having an independent committee deliberate on executive compensation, we aim to establish a rational reward system and enhance shareholder value. Furthermore, the committee strengthens the Board's expertise and improves its oversight function through professional deliberation and management of director compensation.

Currently, the Committee consists of five independent directors: Chairperson Sung-kwon Han, along with Jong-gap Kim, Young-jae Kang, Doo-cheol Moon, and Hojune Chang. The term of the Chairperson and members begins from their appointment and lasts until the expiration of their term as directors.

Differences from the KCGS Codes for ESG Practices

Differences from the KCGS Codes for ESG Practices
Recommendations of the KCGS Codes for ESG Practices	Adoption status	Note
Adoption of the corporate governance charter	O	Establishment and publication on the website
Written voting system	X	-
Electronic voting system	O	Introduced from the 8th regular general meeting of shareholders (2020-)
Composition of the BOD (majority are outside directors)	O	3 inside directors and 5 outside directors (including 1 accounting or finance expert and 2 separately appointed outside director)
Separation of the chairperson of the BOD and the CEO or appointment of a senior outside director	O	The chairperson of the board is Jonggap Kim, an outside director
Periodic BOD meetings	O	Held once a quarter
Subscription of the liability insurance for directors at the expense of the company	O	-
Establishment of the operating regulations for the BOD and committees within the BOD	O	-
Public disclosure of the BOD activity records, attendance rates, and the pros and cons of a major agenda	O	Publication on the website
Establishment of an expert committee within the BOD	O	Audit Committee, Outside Director Candidate Recommendation Committee, Internal Transaction Committee, Sustainability Management Committee, ESG Committee and Compensation Committee
Board evaluation	O	Board and outside director evaluations was adopted by the board (2023.02.27)
Components of the Outside Director Candidate Recommendation Committee (majority are outside directors)	O	3 inside directors and 5 outside directors
Components of the Audit Committee (everyone is an outside director)	O	All outside directors (including one accounting or finance expert)
Verification of the accuracy of the business reports, etc.	O	-
Public disclosure of the audit reports and important matters to be disclosed in Korean and English	O	Publication of the audit reports written in Korean/English on the website posting and the publication of the fair disclosure in English
Public disclosure of the governance evaluation rating	O	Publication on the website
Enactment of the employee ethics regulations	O	Establishment and publication on the website
Description of the difference from the KCGS Codes for ESG Practices	O	Publication on the website

Activities of the BOD and committees within the KCGS Codes for ESG Practices

1) BOD
Session Number	Date	Bills	Approval Status	Member
				Sooil Lee	Jongho Park	Jongseon Ahn	Sanghoon Lee	Jeongsoo Park	Hyunmyung Pyo	Jonggap Kim	Youngjae Kang	Sungkwon Han	Doocheol Moon	Jungyeun Kim
				Agreed or disagreed
1	2025.02.04	Report on Consolidated Results for the Fourth Quarter of 2024	Reported	-	-	Not applicable	Not applicable	Not applicable	-	-	-	-	-	Non-attendance
		Report on the 2025 Business Plan	Reported	-	-				-	-	-	-	-	Non-attendance
		Approval of the Separate and Consolidated Financial Statements for the 13th Fiscal Year (2024)	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Non-attendance
		Approval of the Business Report for the 13th Fiscal Year (2024)	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Non-attendance
		Appointment of the Compliance Officer	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Non-attendance
		Report on and Approval of the 2025 Safety and Health Management Plan	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Non-attendance
2	2025.02.27	Resolution to Convene the 13th Annual General Meeting of Shareholders	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Resolution on Cash Dividends for the 13th Fiscal Year	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Resolution on the Record Date for Year-End Dividends for the 13th Fiscal Year	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Approval of Agenda Items for the 13th Annual General Meeting of Shareholders	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Extension of the Adoption of the Electronic Voting and Electronic Proxy Solicitation System	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Approval of Executive Severance Payment	Approved	Agreed	Agreed				Agreed	Agreed	Agreed	Agreed	Agreed	Agreed
		Report on the Operation of the Consolidated and Separate Internal Control over Financial Reporting for 2024	Reported	-	-				-	-	-	-	-	-
		Report on the Evaluation of the Operation of the Consolidated and Separate Internal Control over Financial Reporting for 2024	Reported	-	-				-	-	-	-	-	-
3	2025.03.26	Appointment of the Chair of the Board of Directors	Approved	Not applicable	Not applicable	Agreed	Agreed	Agreed	Not applicable	Agreed	Agreed	Agreed	Agreed	Agreed
		Appointment of the Co-Chief Executive Officers	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Appointment of Members of Board Committees	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Delegation of Authority to the Management Committee	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Partial Amendment to the Management Committee Regulations	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Report on the Organization of the Board Secretariat	Reported			-	-	-		-	-	-	-	-
4	2025.05.08	Report on Consolidated Results for the First Quarter of 2025	Reported			-	-	-		-	-	-	-	-
		Approval of Transactions with Related Parties for 2025	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Acquisition of an Equity Interest in Another Company	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Approval of a Transaction in Tangible Assets with the Largest Shareholder	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
5	2025.05.28	Execution of a Funding Supplement Agreement for a Subsidiary	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
5	2025.05.28	Provision of Payment Guarantee for Borrowings of an Overseas Subsidiary	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
6	2025.07.22	Report on the Financial Structure Improvement Plan for a Subsidiary	Reported			-	-	-		-	-	-	-	-
7	2025.08.07	Report on Consolidated Results for the First Half of 2025	Reported			-	-	-		-	-	-	-	-
		Report on Communication with Key Stakeholders	Reported			-	-	-		-	-	-	-	-
		Report on the Progress of Advancement of the Compliance System	Reported			-	-	-		-	-	-	-	-
		Report on the Financial Structure Improvement Plan for a Subsidiary (2nd)	Reported			-	-	-		-	-	-	-	-
		Report on the Proposed Shareholder Return Policy	Reported			-	-	-		-	-	-	-	-
8	2025.08.20	Resolution on Interim Dividend Payment	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Establishment of a Mid-Term Dividend Policy	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Exercise of Voting Rights at a Subsidiary’s General Meeting of Shareholders	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Discussion on Executive Compensation	Reported			-	-	-		-	-	-	-	-
9	2025.09.25	Approval of the Incorporation of a Real Estate Development Company with a Change in Investment Amount	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Participation in a Capital Increase by a Subsidiary	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Disclosure of the Corporate Value Enhancement (Value-Up) Plan (Draft)	Reported			-	-	-		-	-	-	-	-
10	2025.11.06	Report on Consolidated Results for the Third Quarter of 2025	Reported			-	-	-		-	-	-	-	-
		Report on the Activities of the Compliance Committee	Reported			-	-	-		-	-	-	-	-
		Enactment of the Compliance Control Standards	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Amendment to the Audit Committee Regulations	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Amendment to the Internal Accounting Management Regulations	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
11	2025.12.19	Report on Performance Guarantee Provided by a Subsidiary	Reported			-	-	-		-	-	-	-	-
		Report on the Finalized Amount of Capital Increase by a Subsidiary	Reported			-	-	-		-	-	-	-	-
		Report on the Proposal to Establish the Compensation Committee	Reported			-	-	-		-	-	-	-	-
12	2025.12.30	Approval of the Provision of Performance Guarantee for a Subsidiary	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Approval of the Plan to Enhance the Independence, Expertise, and Diversity of the Board of Directors	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Payment of Executive Compensation (Incentives)	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed
		Establishment of the Compensation Committee	Approved			Agreed	Agreed	Agreed		Agreed	Agreed	Agreed	Agreed	Agreed

※ Among the existing members of the Management Committee, Inside Directors Sooil Lee and Jongho Park resigned, and Inside Directors Jongseon Ahn, Sanghoon Lee, and Jeongsoo Park were newly appointed at the 13th Annual General Meeting of Shareholders.
※ The attendance rate for retired directors was calculated based on committee meetings attended prior to their retirement, while the attendance rate for newly appointed directors was calculated based on committee meetings attended after their appointment.

2) Management Committee
Session Number	Date	Bills	Approval Status	Member
Session Number	Date	Bills	Approval Status	Sooil Lee	Jongho Park	Jongseon Ahn	Sanghoon Lee	Jeongsoo Park
25-1	2025.02.27	Capital Increase of an Overseas Subsidiary	Approved	Agreed	Agreed	Not applicable	Not applicable	Not applicable
25-2	2025.04.01	Appointment of the Chair of the Management Committee	Approved	Not applicable	Not applicable	Agreed	Agreed	Agreed
25-3	2025.06.16	Closure of the Taipei Branch	Approved			Agreed	Agreed	Agreed
		Closure of the Santiago Branch	Approved			Agreed	Agreed	Agreed
		Establishment of the Korea Academy House Branch	Approved			Agreed	Agreed	Agreed
25-4	2025.12.22	Approval of New Short-Term Borrowings and Credit Limits	Approved			Agreed	Agreed	Agreed
25-5	2025.12.24	Regular Organizational Restructuring and Executive Appointments	Approved			Agreed	Agreed	Agreed

※ At the 13th Annual General Meeting of Shareholders held on March 26, 2025, the name of the Sustainability Management Committee was changed to the Management Committee through an amendment to the Articles of Incorporation.
※ Among the existing members of the Management Committee, Inside Directors Sooil Lee and Jongho Park resigned, and Inside Directors Jongseon Ahn, Sanghoon Lee, and Jeongsoo Park were newly appointed at the 13th Annual General Meeting of Shareholders.
※ The attendance rate for retired directors was calculated based on committee meetings attended prior to their retirement, while the attendance rate for newly appointed directors was calculated based on committee meetings attended after their appointment.

3) Internal Transaction Committee
Session Number	Date	Bills	Approval Status	Member
Session Number	Date	Bills	Approval Status	Jungyeun Kim	Jonggap Kim	Youngjae Kang
25-1	2025.06.26	Prior Approval and Disclosure of Large-Scale Related Party Transactions for the Third Quarter of 2025	Approved	Agreed	Agreed	Agreed
25-2	2025.12.19	Report on the Proposed Renewal of the Brand Royalty Agreement	Reported	-	-	-
25-3	2025.12.30	Prior Approval and Disclosure of Large-Scale Related Party Transactions for the First Quarter of 2026	Approved	Agreed	Agreed	Agreed
25-3	2025.12.30	Renewal of the Brand Royalty Agreement	Approved	Agreed	Agreed	Agreed

4) ESG Committee
Session Number	Date	Bills	Approval Status	Member
				Sooil Lee	Jongho Park	Jongseon Ahn	Sanghoon Lee	Jeongsoo Park	Hyunmyung Pyo	Jonggap Kim	Youngjae Kang	Sungkwon Han	Doocheol Moon	Jungyeun Kim
				Agreed or disagreed
25-1	2025.02.04	Report on ESG Performance in 2024 and the 2025 Plan	Reported	-	-	Not applicable	Not applicable	Not applicable	-	-	-	-	-	Non-attendance
25-2	2025.05.08	Prior Report on the Publication of the ESG Report 2024/25	Reported	Not applicable	Not applicable	-	-	-	Not applicable	-	-	-	-	-
25-3	2025.11.06	Approval of Improvements to ESG Policies	Approved	Not applicable	Not applicable	Agreed	Agreed	Agreed	Not applicable	Agreed	Agreed	Agreed	Agreed	Agreed
25-3	2025.11.06	Report on the Plan to Enhance Board Operations	Reported	Not applicable	Not applicable	-	-	-	Not applicable	-	-	-	-	-

5) Audit Committee
Session Number	Bills	Approval Status	Member
			Doocheol Moon	Jungyeun Kim	Sungkwon Han
			Agreed or disagreed
25-1 (2025.02.04)	Report on Consolidated Profit and Loss Results for the Fourth Quarter of 2024	Reported	-	Non-attendance	-
	Report on Key Closing Matters for the Fourth Quarter of 2024	Reported	-	Non-attendance	-
	Report on the Results of Business Audits for the Fourth Quarter of 2024	Reported	-	Non-attendance	-
	Approval of the Separate and Consolidated Financial Statements for the 13th Fiscal Year (2024)	Approved	Agreed	Non-attendance	Agreed
25-2 (2025.02.27)	Report on the Operation Status of Internal Monitoring Systems in 2024	Reported	-	-	-
	Report on the Operation of the Consolidated and Separate Internal Control over Financial Reporting for 2024	Reported	-	-	-
	Evaluation of the Operation of the Consolidated and Separate Internal Control over Financial Reporting for 2024	Approved	Agreed	Agreed	Agreed
	Evaluation by the Audit Committee of the Chief Executive Officer and the Internal Accounting Manager for the Consolidated and Separate Internal Control over Financial Reporting for 2024	Approved	Agreed	Agreed	Agreed
	Self-Evaluation of the Audit Committee for 2024	Approved	Agreed	Agreed	Agreed
	Resolution on the Audit Report	Approved	Agreed	Agreed	Agreed
	Review of Agenda Items for the 13th Annual General Meeting of Shareholders	Approved	Agreed	Agreed	Agreed
25-3 (2025.05.08)	Report on Consolidated Profit and Loss Results for the First Quarter of 2025	Reported	-	-	-
	Report on Key Closing Matters for the First Quarter of 2025	Reported	-	-	-
	Report on the Results of Business Audits for the First Quarter of 2025	Reported	-	-	-
	Report on the Status of Non-Audit Service Agreements with the External Auditor	Approved	Agreed	Agreed	Agreed
	Report on the Operation of the Consolidated Internal Control over Financial Reporting for 2025	Reported	-	-	-
25-4 (2025.06.04)	Report on Executive Issues	Reported	-	-	-
25-5 (2025.08.07)	Report on Consolidated Profit and Loss Results for the First Half of 2025	Reported	-	-	-
	Report on Key Closing Matters for the First Half of 2025	Reported	-	-	-
	Report on the Results of Business Audits for the First Half of 2025	Reported	-	-	-
	Report on Major Progress in the First Half of 2025	Reported	-	-	-
	Report on the Operation of the Consolidated Internal Control over Financial Reporting for 2025	Reported	-	-	-
	Approval of Non-Audit Service Agreements with the External Auditor	Approved	Agreed	Agreed	Agreed
25-6 (2025.11.06)	Report on Consolidated Profit and Loss Results for the Third Quarter of 2025	Reported	-	-	-
	Report on the Results of Business Audits for the Third Quarter of 2025	Reported	-	-	-
	Report on the Operation of the Consolidated Internal Control over Financial Reporting for 2025	Reported	-	-	-
	Approval of Amendments to the Internal Control over Financial Reporting Regulations, etc.	Approved	Agreed	Agreed	Agreed
	Approval of Non-Audit Service Agreements with the External Auditor	Approved	Agreed	Agreed	Agreed

6) Compensation Committee
Session Number	Date	Bills	Approval Status	Member
				Sungkwon Han	Jonggap Kim	Youngjae Kang	Doocheol Moon	Jungyeun Kim
				Agreed or disagreed
25-1	2025.12.30	Appointment of the Chair of the Compensation Committee	Approved	Agreed	Agreed	Agreed	Agreed	Agreed

Code of Ethics and the Articles of the Incorporation/Annexed Articles of Incorporation