Governance

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Board of Directors

Soon Gyu Lee 李舜揆
Date of Appointment
2025.03.14(Reappointed)
Term of Office
3 years (Executive Director / Chairman of the Board)
Career
  • • Graduate School of Business (M.S.), Hofstra University, USA
  • • Former President, KPIC
  • • Current Chairman of KPIC
Gil Soon Kang 康吉順
Date of Appointment
2024.03.15(Reappointed)
Term of Office
3 years (Executive Director / CEO)
Career
  • • Department of Law, Hanyang University
  • • Former Managing Director, KPIC
  • • Current CEO of KPIC
Hyun Soo Ha 河賢洙
Date of Appointment
2025.03.14
Term of Office
3 years (Executive Director)
Career
  • • Polymer Engineering, Kyungpook National University (M.S.)
  • • Polymer Engineering, Pusan National University (Ph.D.)
  • • Former Head of R&D Center, KPIC
  • • Current General Manager, KPIC
Gyu Chang Yoo 劉奎昌
Date of Appointment
2024.03.15
Term of Office
3 years (Independent Director)
Career
  • • Business Administration, University of Wisconsin-Madison (Ph.D.)
  • • Former President of the Korean Academy of Organization and Management
  • • Current Professor of the School of Business, Hanyang University
Young Gi Jeong 鄭澪基
Date of Appointment
2025.03.14
Term of Office
3 years (Independent Director / Chairman of Audit Committee)
Career
  • • Business Administration (B.S./M.S./Ph.D.), Sungkyunkwan University
  • • Former President of the Korean Academic Society of Taxation
  • • Former Dean of the School of Business, Hongik University
  • • Former Professor of Business Administration, Hongik University
Ji Hyeon Kwak 郭志炫
Date of Appointment
2025.03.14
Term of Office
3 years (Independent Director)
Career
  • • Department of Hispanic Languages and Literature, Seoul National University (B.A. /M.A.)
  • • Former Certified Public Accountant at Daemyung Accounting Corporation
  • • Current Certified Public Accountant at Hanul LLC
Jeong Wook Choi 崔正昱
Date of Appointment
2026.03.13
Term of Office
3 years (Independent Director)
Career
  • • Department of Business Administration, University of Illinois (M.S. /Ph.D.)
  • • Former President of the Korea Association of Procurement and Supply Management
  • • Current Professor of Business Administration, Kookmin University
Corporate Governance Charter Articles of Association

Committees under the Board of Directors

Audit Committee

Composition Independent Directors (3)
Director Young Gi Jeong (Chairman) Gyu Chang Yoo Ji Hyeon Kwak
Date of Appointment 2025.03.14 2024.03.15 2025.03.14
Career Business Administration (B.S./M.S./Ph.D.), Sungkyunkwan University
Former President of the Korean Academic Society of Taxation
Former Dean of the School of Business, Hongik University
Former Professor of Business Administration, Hongik University 		Business Administration, University of Wisconsin-Madison (Ph.D.)
Former President of the Korean Academy of Organization and Management
Current Professor of the School of Business, Hanyang University 		Department of Hispanic Languages and Literature, Seoul National University (B.A. /M.A.)
Former Certified public accountant at Daemyung Accounting Corporation
Current Certified public accountant at Hanul LLC

Independent Director Nominating Committee

Composition Independent Directors (2), Executive Director (1)
Director Gyu Chang Yoo (Chairman) Gil Soon Kang Jeong Wook Choi
Date of Appointment 2024.03.15 2024.03.15 2026.03.13
Career Business Administration, University of Wisconsin-Madison (Ph.D.)
Former President of the Korean Academy of Organization and Management
Current Professor of the School of Business, Hanyang University 		Department of Law, Hanyang University
Former Managing Director, KPIC
Current CEO of KPIC 		Department of Business Administration, University of Illinois (M.S. /Ph.D.)
Former President of the Korea Association of Procurement and Supply Management
Current Professor of Business Administration, Kookmin University

BOD Activities

Session Date Agenda Item Approval Status
1 2025-01-09 1. Decision on the compensation for executive in 2024 Approved
2 2025-01-20 1. Approval of the 56th Financial Statements (Draft)
2. Approval of the 56th Business Report (Draft)
3. Approval of the extension of import loan limit
4. Approval of the 2025 Safety and Health Plan
5. Approval of the total amount of transactions with the largest shareholder and other stakeholders 		Approved
Approved
Approved
Approved
Approved
3 2025-02-24 1. Approval of the 56th Financial Statements
2. Approval of the 56th Business Report
3. Resolution to convene the 56th Annual General Meeting of Shareholders 		Approved
Approved
Approved
4 2025-03-14 1. Matters regarding the appointment of directors Approved
5 2025-04-28 1. Entering into a Renewal of a Working Capital Loan Agreement Approved
6 2025-07-21 No resolution -
7 2025-10-20 1. Approving Loan Agreements with Financial Institutions
2. Amending the Internal Control over Financial Reporting Regulations 		Approved
Approved

Governance - Matters Concerning Shareholders

Results of the Shareholders' Meeting

Agenda Meeting Purpose Number of Shares in Favor Rate of Approval
Agenda Item 1-1 Partial Amendment of the Articles of Incorporation
(Change of Title to Independent Director)		 4,049,500 shares 99.7%
Agenda Item 1-2 Partial Amendment of the Articles of Incorporation
(Amendment to the Provision Prohibiting the Exclusion of Cumulative Voting)		 2,567,500 shares 99.3%
Agenda Item 1-3 Partial Amendment of the Articles of Incorporation
(Increase in the Number of Audit Committee Members to be Elected Separately)		 4,049,500 shares 99.7%
Agenda Item 1-4 Strengthening Voting Rights Restrictions for the Appointment and Dismissal of Audit Committee Members 4,049,500 shares 99.7%
Agenda Item 1-5 Improvement of Dividend Procedures 4,049,500 shares 99.7%
Agenda Item 2 Appointment of an Independent Director as an Audit Committee Member
[Nominee : Jung Wook Choi]		 2,535,000 shares 98.1%
Agenda Item 3 Appointment of an Independent Director
[Nominee : Jung Wook Choi]
→ Withdrawn due to the approval of Agenda Item 2		 - -
Agenda Item 4 Approval of Director Compensation Limit 3,978,000 shares 99.6%

Status of Outstanding Shares

(As of December 31, 2025)

Classification Type of Stock Number of Shares Total Par Value
Total number of outstanding shares Ordinary stock 6,500,000 shares ￦ 32,500,000,000
Number of treasury shares 323,900 shares ￦ 1,619,500,000
Number of outstanding shares 6,176,100 shares ￦ 30,880,500,000

Shareholder Status

(As of December 31, 2025)

Classification Shareholder Composition (Unit: ordinary shares, %)
2025 2024 2023
Holdings Stake Holdings Stake Holdings Stake
① Treasury shares 323,900 4.98 323,900 4.98 323,900 4.98
② KPICC 2,015,430 31.01 2,015,430 31.01 2,015,430 31.01
③ Foreign investors 672,624 7.44 519,973 8.00 391,157 6.02
④ Individual investors 1,998,346 36.51 2,230,899 34.42 2,432,488 37.42
⑤ Institutional investors (Excluding ① and ②) 1,489,700 20.06 1,409,798 21.59 1,337,025 20.57
Total 6,500,000 100.00 6,500,000 100.00 6,500,000 100.00

Key Dividend Indicators

(As of December 31, 2025)

2025
(57th)		 2024
(56th)		 2023
(55th)		 2022
(54th)		 2021
(53th)
Par value per share (KRW) 5,000 5,000 5,000 5,000 5,000
(Consolidated) Net income ( KRW million) 31,708 -8,529 -29,041 -149,053 149,936
(Separate) Net income ( KRW million) -44,971 -39,798 -38,497 -147,600 140,903
(Consolidated) Earnings per share (KRW) 5,134 -1,381 -4,702 -24,134 24,277
Total cash dividends (KRW million) 8,029 6,176 6,176 6,176 21,616
(Consolidated) Cash dividend payout ratio (%) 25.3 - - - 14.4
Cash dividend yield (%) 0.88 1.27 0.64 0.6 1.8
Cash dividends per share (KRW) 1,300 1,000 1,000 1,000 3,500

＊Based on ordinary stock (No preferred stock)

Ethical Management

Ethical Policy

We established the Code of Ethics and Rules of Ethics for Employees on January 1, 2006 to practice ethical management. All employees can practice transparent and fair corporate management in unity. The Code of Ethics was pursued to make customer-first and customer respecting management the top priority. KPIC aims to become a first-class chemical company with transparent and fair corporate management through it. In April 2008, KPIC further strengthened the meaning of business ethics practice by revising the Code of Ethics and creating detailed rules. The revised Code of Ethics and 17 Articles of Rules of Ethics have been internalized in all KPIC employees up to now and serve as a standard for behavior and value judgment. KPIC has established an institutional framework for employees to recognize specific details of business ethics and apply them to business activities through the "Employee Business Ethics Practice Rule", which are detailed standards for the efficient operation and practice of the Code of Ethics and Rules of Ethics.

Code of Conduct Code of Ethics

Operating the Whistleblowing Channel

Cyber Audit Office

Operate the Cyber Audit Office on our website, where internal and external stakeholders, including employees, can consult and report on business ethics and corruption at all times. Whistleblowers are prevented from being disadvantaged or treated unfairly due to reporting through an identity guarantee system.

Regular Corruption Risk Assessments

KPIC is continuously carrying out internal audit activities of regular audits, ad hoc audits, and special audits. At the beginning of every year, regular audits based on the annual audit plan are conducted to rationalize business activities and thoroughly monitor whether laws and regulations are violated. We have created and managed a fraud risk diagnosis checklist to detect early and inspect fraud risk factors for all business sites. Moreover, we analyze the fraud risk diagnosis checklist at least once a year to verify its validity and adequacy, so that we prevent the corruption risk in advance by periodically inspecting each business site for corruption risks.

Business Ethics Education

KPIC practices the respect for human rights of its employees, raises awareness of human rights management, and internalizes the ethical mindset of its employees by conducting annual business ethics education for all employees. In addition to anti-corruption education every year, we strive to establish a transparent and ethical organizational culture by conducting online education programs such as sexual harassment prevention education, workplace harassment prevention education, personal information protection education, and disability awareness education.

Procedure for Addressing Violations of Business Ethics

According to the regulation, KPIC enforces disciplinary measures against unethical behaviors of its employees. Disciplinary action against employees involved in unethical behavior is enforced according to the personnel regulations, and if an unethical behavior is found, sanctions are imposed based on the internal review standards.

Information Security

Information Security Management System

KPIC has continuously improved its information security system to secure business continuity and expand global business opportunities by protecting information assets from cyber threats. By sharing domestic cyber threat information through KISA C-TAS*, we prevent the spread of damage and respond to intrusions early. Moreover, KPIC manages and operates essential security solutions such as vaccines, media control, network access control, database access control, firewall, and web firewall. We prevent security accidents by operating a closed (dedicated) network to block security threats in the production field.

Operating the Whistleblowing Channel

Operate the Cyber Audit Office on our website, where internal and external stakeholders, including employees, can consult and report on business ethics and corruption at all times. Whistleblowers are prevented from being disadvantaged or treated unfairly due to reporting through an identity guarantee system.

Information Security Policy

We manages and protects information assets from cyber threats through database encryption and database access control to protect the company and personal information. Customers' valuable personal information is never outsourced to a third party without consent, and the privacy policy and purpose of use are notified through the website privacy policy menu. The Chief Information Security Officer (CISO), the head of the IT Team, manages the quarterly system log analysis results according to the law on the operation such as the internal accounting management system etc.

Prevention, and Response Activities

KPIC carries out various information security and prevention activities for its employees to minimize financial and material damage against the increasing cyber threats and intrusions. We improve information security vulnerabilities by increasing information security awareness through mock training to respond to major intrusion incidents, major security-related inspections, and notification of issues for employees and performing security checks on information assets through external security specialists.

Information Security Governance

Information Security Activities

Major activities Details
Mock training against hacking e-mails Execution of mock trainings against cyber threats such as ransomware and APT attacks through e-mail
Scenario-based image training Inspection of information leakage response system
Security related notice Notification of computer-related security rules and internal and external security issues
Diagnosis on security vulnerabilities Regular inspection on major information assets once a year and improvement of vulnerabilities