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Audit Committee

Purpose of the Audit Committee

The Audit Committee is a committee within the Board of Directors responsible for the oversight of the company's business operations and accounting affairs. Our company, being required to establish such a committee pursuant to Articles 415-2 and 542-11 of the Commercial Act, established its Audit Committee on March 28, 2000.

Composition of the Audit Committee

Our Audit Committee is composed of 4 independent directors, and its members are appointed at the general meeting of shareholders upon the recommendation of the Board of Directors.

  • Jae Yong Shin External Director
    First Appointment Date
    March 17, 2023
    Last Appointment Date
    March 17, 2023
    Term
    3 years
    Remarks
    Chairman
  • Wha Sun Jho External Director
    First Appointment Date
    March 22, 2021
    Last Appointment Date
    March 15, 2024
    Term
    3 years
    Remarks
    -
  • In Kyung Lee External Director
    First Appointment Date
    March 15, 2024
    Last Appointment Date
    March 15, 2024
    Term
    3 years
    Remarks
    -
  • Chan hyuk Chyun External Director
    First Appointment Date
    March 17, 2023
    Last Appointment Date
    March 17, 2023
    Term
    3 years
    Remarks
    -

※ Requirements for Audit Committee Composition under the Commercial Act : The Audit Committee must be composed of at least 3 directors, and at least 2/3 of its members must be independent directors.

Expertise of Audit Committee

Year

Expertise of Audit Committee by Year
Content 2020 2022 2023 2023 2024
Number of Audit Committee members who qualify as accounting or financial experts under relevant laws 2 person 2 person 1 person 1 person 2 person
Training related to auditing for Audit Committee members, conducted either internally or through external professional institutions 2 time 1 time 1 time 1 time 1 time

Key Agenda Items and Decisions of the Audit Committee

Date

Key Agenda Items and Decisions of the Audit Committee by Date
Date Agenda Items /
Reported Matters		 Whether
approved		 Remarks
23-Jan-2025 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2024 audit performance and FY2025 audit plan

Reported Matters
  1. Implementation Status of the Internal Control over Financial Reporting(ICFR)
  2. Business results and activities of FY2024 1st Half
 Approved -
12-Feb-2025 Agenda Items
  1. Report on the Evaluation Results of the Internal Control over Financial Reporting(ICFR)

Reported Matters
  1. The 81st (FY2024) audit results
 Approved -
21-Feb-2025 Reported Matters
  1. Report on the Restatement of the Financial Statements for the 81st Fiscal Year
 - -
14-Mar-2025 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
25-Apr2025 Reported Matters
  1. Business results and activities of FY2025 1st Quarter
  2. FY2025 external audit plan
 - -
25-Jul-2025 Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2025 1st Half
 - -
25-Jan-2024 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2023 audit performance and FY2024 audit plan

Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2023
 Approved -
16-Feb-2024 Agenda Items
  1. Evaluation of Actual state of internal accounting management system

Reported Matters
  1. The 80th (FY2023) audit results
 Approved -
26-Apr-2024 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Business results and activities of FY2024 1st Quarter
  2. FY2024 external audit plan
 Approved -
26-Jul-2024 Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2024 1st Half
 Approved -
25-Oct-2024 Agenda Items
  1. Communication between External Auditors and Audit Committees
  2. Approval of revision of internal accounting management system
  3. Approval of planning for selection of External Auditors

Reported Matters
  1. Business results and activities of FY2024 3rd Quarter
 Approved -
25-Oct-2024 Agenda Items
  1. Approval of the Appointment of New External Auditor
 Approved -
27-Jan-2023 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2022 audit performance and FY2023 audit plan

Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2022
 Approved -
15-Feb-2023 Agenda Items
  1. Evaluation of Actual state of internal accounting management system

Reported Matters
  1. The 78th (FY2021) audit results
 Approved -
17-Mar-2023 Agenda Items
  1. Appointment of chairman of audit committee
 Approved -
25-Apr-2023 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Business results and activities of FY2023 1st Quarter
  2. FY2023 external audit plan
 Approved -
26-May-2023 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
27-Jul-2023 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2023 1st Half
 Approved -
27-Oct-2023 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Business results and activities of FY2023 3rd Quarter
 Approved -
26-Jan-2022 Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2021
 - -
25-Fed-2022 Agenda Items
  1. Evaluation of Actual state of internal accounting management system
  2. Revision of internal accounting management regulations
  3. Appointment of Chairman of Audit Committee

Reported Matters
  1. The 78th (FY2021) audit results
 Approved -
25-Apr-2022 Reported Matters
  1. Business results and activities of FY2022 1st Quarter
  2. FY2022 audit plan
 - -
22-Jul-2022 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2022 1st Half
 Approved -
24-Oct-2022 Agenda Items
  1. Approval of external auditor advisory service

Reported Matters
  1. Business results and activities of FY2022 3rd Quarter
 Approved -
27-Jan-2021 Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2020
 - -
19-Feb-2021 Agenda Items
  1. Evaluation of Actual state of internal accounting management system

Reported Matters
  1. The 77th (FY2020) audit results
 Approved -
22-Apr-2021 Reported Matters
  1. Business results and activities of FY2021 1st Quarter
  2. FY2021 audit plan
 - -
22-Jul-2021 Reported Matters
  1. Business results and activities of FY2021 1st Half
 - -
27-Oct-2021 Reported Matters
  1. Business results and activities of FY2021 3rd Quarter
 - -
09-Dec-2021 Agenda Items
  1. Approval of contract with designated external auditor

Reported Matters
  1. Separate financial statement revision report
  2. Communication between External Auditors and Audit Committees
 Approved -
Activities of the Audit Committee in 2025
Date Agenda Items / Reported Matters Whether
approved		 Remarks
23-Jan-2025 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2024 audit performance and FY2025 audit plan
 Approved -
Reported Matters
  1. Implementation Status of the Internal Control over Financial Reporting(ICFR)
  2. Business results and activities of FY2024 1st Half
 -
12-Feb-2025 Agenda Items
  1. Report on the Evaluation Results of the Internal Control over Financial Reporting(ICFR)
 Approved -
Reported Matters
  1. The 81st (FY2024) audit results
 -
21-Feb-2025 Reported Matters
  1. Report on the Restatement of the Financial Statements for the 81st Fiscal Year
 - -
14-Mar-2025 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
25-Apr2025 Reported Matters
  1. Business results and activities of FY2025 1st Quarter
  2. FY2025 external audit plan
 - -
25-Jul-2025 Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2025 1st Half
 - -
Activities of the Audit Committee in 2024
Date Agenda Items / Reported Matters Whether
approved		 Remarks
25-Jan-2024 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2023 audit performance and FY2024 audit plan
 Approved -
Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2023
 -
16-Feb-2024 Agenda Items
  1. Evaluation of Actual state of internal accounting management system
 Approved -
Reported Matters
  1. The 80th (FY2023) audit results
 -
26-Apr-2024 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Business results and activities of FY2024 1st Quarter
  2. FY2024 external audit plan
 -
26-Jul-2024 Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2024 1st Half
 Approved -
25-Oct-2024 Agenda Items
  1. Communication between External Auditors and Audit Committees
  2. Approval of revision of internal accounting management system
  3. Approval of planning for selection of External Auditors
 Approved -
Reported Matters
  1. Business results and activities of FY2024 3rd Quarter
 -
03-Dec-2024 Agenda Items
  1. Approval of the Appointment of New External Auditor
Approved -
Activities of the Audit Committee in 2023
Date Agenda Items / Reported Matters Whether
approved		 Remarks
27-Jan-2023 Agenda Items
  1. Approval of external auditor advisory service
  2. Approval of FY2022 audit performance and FY2023 audit plan
 Approved -
Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2022
 -
15-Feb-2023 Agenda Items
  1. Evaluation of Actual state of internal accounting management system
 Approved -
Reported Matters
  1. The 79th (FY2022) audit results
 -
17-Mar-2023 Agenda Items
  1. Appointment of chairman of audit committee
 Approved -
25-Apr-2023 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Business results and activities of FY2023 1st Quarter
  2. FY2023 external audit plan
 -
26-May-2023 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
27-Jul-2023 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2023 1st Half
 -
27-Oct-2023 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Business results and activities of FY2023 3rd Quarter
 -
Activities of the Audit Committee in 2022
Date Agenda Items / Reported Matters Whether
approved		 Remarks
26-Jan-2022 Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2021
 - -
25-Fed-2022 Agenda Items
  1. Evaluation of Actual state of internal accounting management system
  2. Revision of internal accounting management regulations
  3. Appointment of Chairman of Audit Committee
 Approved -
Reported Matters
  1. The 78th (FY2021) audit results
 -
25-Apr-2022 Reported Matters
  1. Business results and activities of FY2022 1st Quarter
  2. FY2022 audit plan
 - -
22-Jul-2022 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Communication between External Auditors and Audit Committees
  2. Business results and activities of FY2022 1st Half
 -
24-Oct-2022 Agenda Items
  1. Approval of external auditor advisory service
 Approved -
Reported Matters
  1. Business results and activities of FY2022 3rd Quarter
 -
Activities of the Audit Committee in 2021
Date Agenda Items / Reported Matters Whether
approved		 Remarks
27-Jan-2021 Reported Matters
  1. Actual state of internal accounting management system
  2. Business results and activities of FY2020
 - -
19-Feb-2021 Agenda Items
  1. Evaluation of Actual state of internal accounting management system
 Approved -
Reported Matters
  1. The 77th (FY2020) audit results
 -
22-Apr-2021 Reported Matters
  1. Business results and activities of FY2021 1st Quarter
  2. FY2021 audit plan
 - -
22-Jul-2021 Reported Matters
  1. Business results and activities of FY2021 1st Half
 - -
27-Oct-2021 Reported Matters
  1. Business results and activities of FY2021 3rd Quarter
 - -
09-Dec-2021 Agenda Items
  1. Approval of contract with designated external auditor
 Approved -
Reported Matters
  1. Separate financial statement revision report
  2. Communication between External Auditors and Audit Committees
 -