Huons Global Appoints Song Su-young as CEO... Enters Professional Management System

Regular Shareholders' Meeting Held... All Agenda Items Approved as Proposed

[Asia Economy Reporter Lee Gwan-joo] Huons Global held its regular general meeting of shareholders and board of directors at the Korean Medicine Life Science Center in Jecheon-si, Chungbuk on the 31st, appointing President Song Soo-young as the new CEO.

With the appointment of President Song, Huons Global is entering a full-fledged professional management system. President Song plans to implement management innovation across the group for the future sustainable growth and a new leap forward of Huons Group in the new era following COVID-19 and the 4th Industrial Revolution era. He is also determined to grow the group into a global healthcare company equipped with future responsiveness.

At the shareholders' meeting held that day, all proposed agenda items were approved as originally planned, including ▲financial statements and dividends (cash dividend of 500 KRW per share, stock dividend of 0.05 shares per share) ▲partial amendment of the articles of incorporation ▲appointment of President Song Soo-young as an inside director ▲appointment of President Kim Wan-seop as an outside director ▲approval of the director remuneration limit ▲approval of stock options grant.

Huons Global proposed an agenda to codify the ESG Committee and Audit Committee within the articles of incorporation, reinforcing its commitment to practicing ESG management, improving governance, and enhancing transparency as a holding company. The ESG Committee, which was launched last year under the ESG Management Innovation Team, will be established as a board-level organization to proactively respond to various ESG issues in line with global management trends. Additionally, to enhance financial soundness and strengthen independent supervision of management, the internal audit organization was changed from a full-time auditor to an audit committee.

A Huons Global official stated, “Under President Song’s leadership, Huons Global will oversee innovation and reform of the group-wide management system, focusing on the role of the holding company to enhance Huons Group’s brand value and support the independent management of each business company. We will spare no effort to enable business companies to maximize their capabilities and potential while responding agilely to the changing external environment.”

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