Introduction to Battery Business Plan and Shareholder Returns... Korea & Company Presentation for Institutional Investors

Korea & Company will introduce its future business plans, including batteries, and shareholder-friendly policies to institutional investors.

Korea & Company announced on the 15th that it will hold such a briefing session for major institutional investors in the afternoon.

First, the Energy Solutions Business Division, which is in charge of the lead-acid battery business, plans to introduce performance improvement measures focusing on expanding sales of the premium AGM battery product and improving profitability at the Tennessee plant in the United States.

They will also explain the currently ongoing shareholder-friendly policies. The session will focus on agenda items submitted for the 70th regular general meeting of shareholders, such as interim dividends and changes to the dividend record date for that purpose. Earlier, Korea & Company disclosed on the 4th that "as part of an active shareholder return policy, we are promoting an amendment to the articles of incorporation to allow interim dividends through the 70th regular general meeting of shareholders."

In addition, the company plans to emphasize the current status and plans for policy changes aimed at board-centered management and improving corporate governance. At the end of last year, Korea & Company changed the composition of the Outside Director Candidate Recommendation Committee to be entirely outside directors to enhance the objectivity and transparency of outside director appointments. Through this committee, Professor Lee Ho-young of Yonsei University and Lee Sang-hoon, former Korea head of Affinity Equity Partners, were recommended as outside director candidates.

Meanwhile, all agenda items submitted by Korea & Company for the regular general meeting of shareholders at the end of this month, including amendments to the articles of incorporation and recommendations for outside directors and audit committee members, received favorable recommendations from ISS, the world's largest global proxy advisory firm.

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