Korea & Company Elects Female Outside Director... "Accelerating Corporate Governance Improvement"

Korea & Company announced on the 17th that it will appoint a female outside director at the upcoming shareholders' meeting on the 29th to enhance the diversity of the board of directors and accelerate the overall improvement of corporate governance, thereby maximizing shareholder value.

On the 15th, Korea & Company approved Professor Min Se-jin of Dongguk University's Department of Economics as a new outside director candidate to strengthen the diversity and expertise of the board. Korea & Company expects that the candidate's expertise and independence will contribute to improving corporate governance, increasing corporate value, and playing a significant role in strengthening social responsibility. With this decision, if candidate Min Se-jin is appointed as an outside director, the first female outside director will be born, giving momentum to the expansion of diversity among Korea & Company’s board members.

In addition to this director appointment, Korea & Company has been working to improve board operations to ensure smooth independent decision-making through board-centered management. At the last shareholders' meeting, Professor Park Jae-wan, Emeritus Professor at Sungkyunkwan University, was elected as the chairman of the board, separating the roles of board chairman and CEO. The chairpersons of committees within the board were also appointed as outside directors who are experts in their respective fields, strengthening the independence of the board.

Along with this, in the third quarter of last year, Korea & Company established a "Corporate Governance Charter" reflecting recommendations from corporate governance-related institutions. The ESG status of Korea & Company Group, including major affiliates, was also reported to the board to review the materiality of ESG. Activities to improve ESG, a non-financial indicator, are accelerating, including establishing processes to identify major non-financial risks.

Korea & Company has been making continuous efforts in the social sector, an important area of ESG, through ongoing community coexistence activities. Since 2003, in partnership with the Community Chest of Korea, it has donated approximately 13.6 billion KRW until last year, supporting marginalized neighbors. In recognition of these contributions, it received the "Happiness Award" in the donation category of the "Community Chest Grand Prize" hosted by the Community Chest of Korea last year.

Furthermore, Korea & Company continues efforts to expand disclosure of investment information for shareholders. To facilitate smooth provision of investment information, it has started disclosing preliminary business performance (fair disclosure). English disclosures for foreign shareholders have also been initiated. The company has completed a website overhaul to expand investment information disclosure and is implementing various measures to enhance shareholders' access to information.

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