All Proposals for Appointment of Inside Directors Recommended by Hanjin Kal Board Passed... Cho Won-tae Reappointed (Update)

Approval of Jo Won-tae's Appointment as Inside Director Passes with 56.67% Support
All Candidates from the Three-Party Alliance Fail... Jo Won-tae Successfully Defends Management Rights

[Asia Economy Reporter Kim Hyewon] All the inside director candidates recommended by the Hanjin KAL board of directors were approved. On the other hand, all the candidates recommended by the shareholder coalition (3-party alliance) for the normalization of the Hanjin Group were rejected.

Hanjin KAL held the 7th regular general shareholders' meeting on the afternoon of the 27th at the Hanjin Building in Sogong-dong, Jung-gu, Seoul. The meeting showed a high attendance rate with 84.93% of voting shares present.

In the most anticipated agenda item No. 3 (appointment of inside directors), all inside director candidates recommended by the Hanjin KAL board were approved. Candidate Cho Won-tae (Chairman of Hanjin Group) was approved with 56.67% in favor and 43.27% against, and candidate Ha Eun-yong was approved with 56.95% in favor and 42.99% against.

On the other hand, the inside director candidates Kim Shin-bae and Bae Kyung-tae recommended by the 3-party alliance were all rejected. Candidate Kim Shin-bae was rejected with 47.88% in favor and 51.91% against, and candidate Bae Kyung-tae was rejected with 43.26% in favor and 56.52% against.

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