In accordance with the Company’s Articles of Incorporation, the Board of Directors shall consist of five to seven directors, each serving a three-year term.
Pursuant to Article 192-1 of the Company Act and Article 16 of the Company’s Articles of Incorporation, the Company adopts a candidate nomination system for the election of all directors.
For the current term, the nomination process was reviewed and approved by the Board of Directors. In accordance with Article 192-1 of the Company Act, shareholders holding 1% or more of the Company’s outstanding shares were entitled to submit lists of director candidates during the nomination period from April 18 to April 28, 2022.
Following the nomination period, the Board of Directors reviewed the list of candidates on May 3, 2022. After evaluating that the candidates met the required qualifications, the Board submitted the nominees to the shareholders’ meeting for election.
The Chairman of the Board is elected from among the directors. The Chairman represents the Company externally and oversees all major affairs of the Company. The Company has also obtained directors’ and officers’ liability insurance covering the scope of duties performed by all directors.
The current term of the Board of Directors is from June 26, 2025 to June 25, 2028.
The Company’s 6th Board of Directors was elected at the Annual General Meeting on June 26, 2025, comprising a total of seven directors, including four independent directors. The directors’ professional backgrounds and experience are set out in the table below.
