governance
Stock Status
| Type of stocks | No. of shares to issue | No. of issued stocks so far | No. of stocks issued | No. of shares ready to trade |
|---|---|---|---|---|
| Common stock | 400,000,000 | 215,931,625 | 215,931,625 | 215,931,120 |
As of December 31, 2020(Unit: share/one million won)
Voting Rights Exercised
at the Annual General Shareholders’ Meeting
| Item | 2019 | 2020 | 2021 |
|---|---|---|---|
| Date to hold | 2019. 3. 27 | 2020. 03. 24 | 2021. 3. 25 |
| Total number of shares issued | 208,158,077 | 208,161,279 | 215,931,625 |
| Total number of voting stocks | 208,157,572 | 208,160,774 | 215,931,120 |
| Number of shareholders present | 965 | 859 | 2,000 |
| Number of stocks present | 118,071,957 | 118,465,789 | 112,445,950 |
| Attendance rate(%) | 56.72 % | 56.91 % | 52.07 % |
| Attendance rate excluding the largest shareholder and affiliate persons(%) | 20.44 % | 20.64 % | 17.10 % |
(Unit: share)
Voting Rights Exercised
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 4 bill | Approval of directors’ remuneration limit | 112,445,950 | 84.56% | 15.44% | Approved |
| No. 3 bill | Appointment of an outside director to become a member of the Audit Committee (Yoon, Sung-soo) | 34,316,227 | 69.56% | 30.44% | Approved |
| No. 2 bill | Appointment approval of internal Director (Sohn, Dong Youn) | 112,445,950 | 90.28% | 9.72% | Approved |
| No. 1 bill | Approval of financial statements and consolidated financial statements for the 21th term | 112,445,950 | 91.91% | 8.09% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 4 bill | Approval of directors’ remuneration limit | 118,465,789 | 98.88% | 1.12% | Approved |
| No. 3-2 bill | Appointment of Audit Committee Members(Lee Deuk Hong) | 42,510,583 | 83.27% | 16.73% | Approved |
| No. 3-1 bill | Appointment of Audit Committee Members(Lim Sung Kyoon) | 42,510,583 | 97.99% | 2.01% | Approved |
| No. 2-2 bill | Appointment approval of non-executive director(Lee Deuk Hong) | 118,465,789 | 88.32% | 11.68% | Approved |
| No. 2-1 bill | Appointment approval of non-executive director(Lim Sung Kyoon) | 118,465,789 | 99.25% | 0.75% | Approved |
| No. 1 bill | Approval of financial statements and consolidated financial statements for the 20th term | 118,465,789 | 93.72% | 6.28% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 4 bill | Approval of directors’ remuneration limit | 118,071,957 | 97.28% | 2.72% | Approved |
| No. 3 bill | Appointment approval of internal Director (Park, Yong Maan) | 118,071,957 | 93.04% | 6.96% | Approved |
| No. 2-2 bill | Making partial changes to the articles of incorporation(Partial amendment of the articles of incorporation as per the Act on External Audit of Stock Companies) | 118,071,957 | 99.85% | 0.15% | Approved |
| No. 2-1 bill | Making partial changes to the articles of incorporation(Partial amendment of the articles of incorporation under the Act on the Electronic Registration of Stocks, Bonds, etc.) | 118,071,957 | 99.86% | 0.14% | Approved |
| No. 1 bill | Approval of the 19th-term financial statements and consolidated financial statements | 118,071,957 | 91.54% | 8.46% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 5 bill | Approval of the Remuneration Ceiling for Directors | 122,571,507 | 99.81% | 0.19% | Approved |
| No. 4-3 bill | Approval of Appointment of Audit Committee Member(Yoon, Sung Soo) | 43,580,877 | 79.71% | 20.29% | Approved |
| No. 4-2 bill | Approval of Appointment of Audit Committee Member(Yoon, Jeung Hyun) | 43,580,877 | 79.63% | 20.37% | Approved |
| No. 4-1 bill | Approval of Appointment of Audit Committee Member(Han, Seung Soo) | 43,580,877 | 75.58% | 24.42% | Approved |
| No. 3-3 bill | Approval of Appointment of Outside Director (Yoon, Sung Soo) | 122,571,507 | 92.79% | 7.21% | Approved |
| No. 3-2 bill | Approval of Appointment of Outside Director (Yoon, Jeung Hyun) | 122,571,507 | 92.76% | 7.24% | Approved |
| No. 3-1 bill | Approval of Appointment of Outside Director (Han, Seung Soo) | 122,571,507 | 91.32% | 8.68% | Approved |
| No. 2-2 bill | Approval of Appointment of Internal Director (Go, Seok Bum) | 122,571,507 | 98.34% | 1.66% | Approved |
| No. 2-1 bill | Approval of Appointment of Internal Director (Sohn, Dong Youn) | 122,571,507 | 98.35% | 1.65% | Approved |
| No. 1 bill | Approval of Financial Statements and Consolidated Financial Statements for the 17th fiscal year | 122,571,507 | 98.89% | 1.11% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 4 bill | Approval of Remuneration Ceiling for the Directors | 103,197,071 | 99.93% | 0.07% | Approved |
| No. 3 bill | Approval of Appointment of Audit Committee Members | 40,097,994 | 97.39% | 2.61% | Approved |
| No. 2 bill | Approval of Appointment of Nonexecutive Director | 103,197,071 | 99.15% | 0.85% | Approved |
| No. 1 bill | Approval of Financial Statements for the 17th fiscal year | 103,197,071 | 99.17% | 0.83% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 5 bill | Approval of business transfer of Machine Tools BG | 98,806,557 | 99.14% | 0.86% | Approved |
| No. 4 bill | Approval of Remuneration Ceiling for the Directors | 98,806,557 | 95.87% | 4.13% | Approved |
| No. 3 bill | Approval of Appointment of Audit Committee Members | 29,697,647 | 99.50% | 0.50% | Approved |
| No. 2 bill | Approval of Appointment of Executive Director | 98,806,557 | 99.82% | 0.18% | Approved |
| No. 1 bill | Approval of Financial Statements for the 16th fiscal year | 98,806,557 | 99.01% | 0.99% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 6 bill | Approval of Remuneration Ceiling for the Directors | 122,623,223 | 93.17% | 6.83% | Approved |
| No. 5-2 bill | Approval of Appointment of Audit Committee Members(Kim, Dae Ki) | 52,406,612 | 99.71% | 0.29% | Approved |
| No. 5-1 bill | Approval of Appointment of Executive Director (Bahk, Byong Won) | 52,406,612 | 99.69% | 0.31% | Approved |
| No. 4-4 bill | Approval of Appointment of Independent Directors (Kim, Dae Ki) | 122,623,223 | 99.84% | 0.16% | Approved |
| No. 4-3 bill | Approval of Appointment of Independent Directors (Bahk, Byong Won) | 122,623,223 | 99.83% | 0.17% | Approved |
| No. 4-2 bill | Approval of Appointment of Independent Directors (Yoon, Jeung Hyun) | 122,623,223 | 99.83% | 0.17% | Approved |
| No. 4-1 bill | Approval of Appointment of Independent Directors (Han, Seung Soo) | 122,623,223 | 99.61% | 0.39% | Approved |
| No. 3 bill | Approval of Appointment of Executive Director (Sohn, Dong Youn) | 122,623,223 | 99.92% | 0.08% | Approved |
| No. 2 bill | Approval of Amendment of Articles of Incorporation | 122,623,223 | 99.85% | 0.15% | Approved |
| No. 1 bill | Approval of Financial Statements for the 15th fiscal year(January 1, 2014 ~ December 31, 2014) | 122,623,223 | 98.78% | 1.22% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 6 bill | Approval of Split of Company | 117,869,158 | 99.91% | 0.09% | Approved |
| No. 5 bill | Approval of Stock Option Grant | 117,869,158 | 99.85% | 0.15% | Approved |
| No. 4 bill | Approval of Remuneration Ceiling for the Directors | 117,869,158 | 99.50% | 0.50% | Approved |
| No. 3 bill | Approval of Appointment of Audit Committee Members | 48,374,010 | 83.38% | 16.62% | Approved |
| No. 2 bill | Approval of Amendment of Articles of Incorporation | 117,869,158 | 88.34% | 11.66% | Approved |
| No. 1 bill | Approval of Financial Statements for the 14th fiscal year (January 1, 2013 ~ December 31, 2013) | 117,869,158 | 99.36% | 0.64% | Approved |
| Item | Contents | Number of shares present | Approval rating | Disapproval rating | Remark |
|---|---|---|---|---|---|
| No. 7 bill | Grant of stock options (special resolution) | 99,128,295 | 99.83% | 0.17% | Approved |
| No. 6 bill | Grant of stock options(ordinary resolution) | 99,128,295 | 99.83% | 0.17% | Approved |
| No. 6 bill | Approval of Split of Company | 99,128,295 | 99.77% | 0.23% | Approved |
| No. 5 bill | Approval of Stock Option Grant | 38,848,152 | 80.98% | 19.02% | Approved |
| No. 3 bill | Approval of Appointment of Audit Committee Members | 99,178,295 | 99.32% | 0.68% | Approved |
| No. 2 bill | Approval of Remuneration Ceiling for the Directors | 99,178,295 | 94.70% | 5.30% | Approved |
| No. 1 bill | Approval of financial statements for the 13th term | 99,128,295 | 97.38% | 2.62% | Approved |
(Unit: share)
Matters Related to Stock Distribution
(As of December 31, 2020)
Introduction of Cumulative Voting and Written Voting
| Item | Date | Remark |
|---|---|---|
| Introducing the electronic voting system | 2015. 2. 27 | The electronic voting system was introduced from the 15th general meeting of stockholders with the approval of the board of directors on February 27, 2015. |
| Introduction of written voting | 2006. 3. 27 | Article 32-2 (1) Shareholders may exercise their voting rights in writing without attending the general meeting of shareholders. (2) The company should provide the document and references necessary for the exercise of voting rights to the notice of convening the general meeting of stockholders under paragraph (1). (3) A shareholder intending to exercise voting rights in writing should provide the company with the necessary matters in Paragraph (2) in writing before the date of the meeting. |
| Exclusion of cumulative voting | 2006. 3. 27 | Articles 35 (3) Cumulative voting stipulated by Article 382-2 of the Commercial Act shall not apply if more than two directors are appointed. |
Matters Related to Dividend
| Item | 2020 (21th term) | 2019 (20th term) | 2018 (19th term) | 2017 (18th term) | 2016 (17th term) |
|---|---|---|---|---|---|
| Par value per share (won) | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
| Current net income (million won) | -37,858 | 53,024 | 71,748 | 60,472 | -56,312 |
| Earnings per share (won) | -180 | 255 | 345 | 203 | -362 |
| Total cash dividends (million won) | - | - | - | - | - |
| Cash dividend payout ratio (%) | - | - | - | - | - |
| Cash dividend per share (won) | - | - | - | - | - |
Note) The net income and earnings per share are based on separate financial statements.