Im Jong-yoon Proposes $200 Trillion Market Cap Strategy for Korea-US... "Questioning Holding Distant General Meetings"

by Jang Hyowon

Published 13 Mar.2024 16:51(KST)

Lim Jong-yoon, Chairman of the Korea Bio Association, is being interviewed by Asia Economy. Photo by Moon Ho-nam munonam@

On the 13th, Lim Jong-yoon, CEO of Hanmi Pharm, unveiled the 'Future Strategy of Hanmi' completed through discussions with various legal, financial, and accounting experts. He also expressed doubts about the shareholders' meeting being held near Paltan, Gyeonggi-do, starting this year.

In his statement that day, CEO Lim said, "Hanmi aims to become a company with a net profit of 1 trillion won within five years, enter the 50 trillion won market capitalization tier, and in the long term, it is possible to reach the 200 trillion won market capitalization tier like the second Hyundai-Kia Motors Group," adding, "I ask you to exercise your valuable voting rights to realize the plan to enter the 200 trillion won tier."

He continued, "To achieve the promised goals, we pledge to the legally valid goal management system of our group, G&P (Goal & Promise), putting our management rights on the line."

He also stated, "Since 2003, Hanmi Pharm and Hanmi Science have held shareholders' meetings at the Hanmi Tower in Songpa-gu, but for the first time since listing, the meeting is being held at an external facility near the corporate location that takes more than two hours from Seoul," and added, "Even if the meeting place is moved near the Paltan factory, it would be possible to use the restaurant in the Paltan Smart Plant building, which is frequently visited by outside guests, so the background of planning an unfamiliar third location is questionable."

He said, "With 12 years of experience as chairman of shareholders' meetings, we operate a professional committee to protect shareholders' rights and public interest legally and institutionally regarding various possibilities," and added, "Many shareholders who find it difficult to participate directly due to the unexpectedly decided location can protect their rights and property as conveniently as possible by using electronic voting specified in the articles of incorporation from March 18, and after confirming the proxy voting agency proposed by the siblings, they can contact from March 15."