Alois Strengthens Management Transparency and Shareholder Value Protection by Appointing Two Legal Experts as Outside Directors

Alois, a company specializing in OTT set-top boxes, is working to improve its governance structure and protect shareholder rights by enhancing the independence and expertise of its board of directors.

On April 28, Alois announced through a public disclosure that it has nominated Song Tae-ho, partner attorney at Sun Law Firm, and Kwon Chan-hyuk, managing partner at F&L Partners, as new candidates for outside directors. This move is intended to strengthen internal controls and address market concerns in response to recent litigation related to a management dispute.

Candidate Song Tae-ho graduated from the Police University’s Department of Law (30th class), completed the Korea University Law School, and passed the 8th bar exam. He is currently a partner attorney at Sun Law Firm, having previously served as a law clerk at the Seoul Central District Court and Seoul High Court, and worked at Kim & Chang Law Offices. Kwon Chan-hyuk, who was recommended alongside Song, worked at the Prosecutor’s Office from 2006 to 2021, serving as Head of the Special Investigation Division 1 at the Seoul Central District Prosecutors’ Office and Head of the Financial Investigation Division 1 at the Seoul Southern District Prosecutors’ Office. He has extensive experience in financial, securities, and anti-corruption investigations.

Alois plans to reinforce its board with legal and corporate governance experts to establish checks and balances and restore market trust. A company representative stated, “In light of the recent dispute, we made this decision to alleviate shareholder concerns and ensure transparency in corporate management,” adding, “By focusing on a board with guaranteed independence, we will advance our governance structure and concentrate all our efforts on responsible management so that the valuable rights of our shareholders are not infringed upon.”

The appointment of these outside directors will be finalized at an extraordinary general meeting of shareholders scheduled for June 12. At this meeting, key agenda items related to overall governance—such as the dismissal of directors and auditors pursuant to shareholder proposals, amendments to the articles of incorporation, and the appointment of new management—will also be discussed.

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