President Sunjoo Lee of LG H&H: "Advancing as a Science-Driven Beauty and Health Company Based on R&D... Rebound This Year"

25th Annual General Meeting of Shareholders Held by LG Household & Health Care

On the morning of March 24, at 9:00 a.m., LG Household & Health Care held its 25th Annual General Meeting of Shareholders at the LG Seoul Station Building in Jung-gu, Seoul, and approved all key agenda items as originally proposed.

During the shareholders' meeting, a total of five agenda items were addressed: ▲ Approval of the 25th financial statements ▲ Amendments to the Articles of Incorporation ▲ Appointment of directors to serve as members of the Audit Committee ▲ Setting the limit on directors’ remuneration ▲ Cancellation of treasury shares.

The company’s consolidated performance last year was overall sluggish. Revenue was KRW 6.3555 trillion, a decrease of 6.7% compared to the previous year, and operating profit plunged by 62.8% to KRW 170.7 billion. Net income turned to a loss, recording minus KRW 85.8 billion. Dividends were set at KRW 1,000 per common share and KRW 1,050 per preferred share.

Amendments to the Articles of Incorporation were also made. In line with revisions to the Commercial Act and to strengthen shareholder rights, the clause excluding cumulative voting was removed and an electronic shareholders’ meeting system was introduced. The term ‘outside director’ was also changed to ‘independent director’. Jae-Hwan Kim, a professor at Korea University, was newly appointed as a director to serve on the Audit Committee, and the limit on directors’ remuneration was approved as originally proposed. The Audit Committee is composed entirely of independent directors.

President Sunjoo Lee stated, “Based on our industry-leading research and development (R&D) capabilities and infrastructure, we will make a leap forward as a science-driven beauty and health company.” She added, “We will strategically target key distribution channels in each country and continuously expand our digital presence.” Lee further emphasized, “By nurturing our ten core brands, particularly in high-growth markets and channels, we will make 2026 the first year of a new leap forward.”

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