Korean Air Self-Insurance "Hanjin Kal Voting Rights to Be Directly Selected by Employees"

On the 6th, when the Korean Air board meeting was held, a sense of silence prevailed at the Korean Air Seosomun building in Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Yoo Je-hoon] Korean Air's self-insurance announced on the 12th that it will hold a non-communication event where employees will directly choose whether to approve or disapprove the agenda items at the Hanjin KAL regular shareholders' meeting scheduled for the 27th.

Korean Air's self-insurance was established in 1984 by Korean Air employees who contributed funds for mutual aid to support medical expenses.

Since 1997, Korean Air's self-insurance has acquired Korean Air shares, and during the 2013 Korean Air spin-off, it converted the Korean Air shares it held into Hanjin KAL shares. Currently, the self-insurance holds 1,463,000 shares (2.47%) of Hanjin KAL.

To this end, Korean Air's self-insurance plans to create an 'electronic voting system' on the company intranet employee information system from the 13th to the 20th to collect approval or disapproval opinions on each agenda item to be discussed at the Hanjin KAL shareholders' meeting.

Korean Air's self-insurance explained, "At the shareholders' meeting, voting rights will be exercised according to the proportion of approval and disapproval," adding, "We have already been using this electronic voting system since last year."

This content was produced with the assistance of AI translation services.