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Board of Directors

Those who love cars more than anything else

BoD Composition

  • Position
    Chairman of Hyundai Motor Group
    Appointment Date
    March 15, 2003
    Expiration Date
    March, 2025
    Liability Insurance
    Yes
    • President of Kia Corporation
    • Executive Vice Chairman of Hyundai Motor Company
    • (Current) Chairman of Hyundai Motor Group
  • Position
    Chief Executive Officer
    Appointment Date
    June 10, 2020
    Expiration Date
    March, 2025
    Liability Insurance
    Yes
    • Head of Global Operations Division
    • (Current) President of Kia Corporation
  • Position
    Chief Safety Officer(CSO)
    Appointment Date
    March 09, 2018
    Expiration Date
    March, 2027
    Liability Insurance
    Yes
    • Executive Vice President
    • (Current) President of Kia Corporation
  • Position
    Member of Audit Committee, Sustainability management Committee, Outside Director Recommendation Committee
    Appointment Date
    March 22, 2021
    Expiration Date
    March, 2027
    Liability Insurance
    Yes
    • (Current) Full-time member of the policy department of the Korea Academy of Science and Technology
    • (Current) Professor of Political Science and Diplomacy at Yonsei University
    • President of the Society for Cyber Communication
    • Assistant Professor of Public Policy and Information Technology at Seoul National University of Science & Technology
    • Self-assessment committee of the Ministry of Science and ICT
  • Position
    Member of Audit Committee, Sustainability management Committee
    Appointment Date
    March 15, 2024
    Expiration Date
    March, 2027
    Liability Insurance
    Yes
    • Outside Director In Kyung Lee
    • (Current) CFO of MBK partners(Executive Vice President)
    • (Current) Auditor of Nepa Corp
    • CFO of Morgan Stanley Properties
    • KICPA of Deloitte Korea Tax services
  • Position
    Member of Audit Committee, Sustainability management Committee, Outside Director Recommendation Committee
    Appointment Date
    March 17, 2023
    Expiration Date
    March, 2026
    Liability Insurance
    Yes
    • Outside Director Chan Hyuk Chyun
    • (Current) CEO & Chairman of CESCO
    • CEO & Vice chairman of CESCO
    • CEO & President of CESCO
    • CEO & President of CESCO
  • Position
    Member of Audit Committee, Sustainability management Committee, Compensation Committee
    Appointment Date
    March 17, 2023
    Expiration Date
    March, 2026
    Liability Insurance
    Yes
    • Outside Director Jae Yong Shin
    • (Current) Professor of business management at SNU
    • Outside director of HD Hyundai
    • Outside director of Sindoh
    • Professor of PwC
    • Vice chairman of the international cooperation department at Korean Association for Accounting
  • Position
    Member of Audit Committee, Sustainability management Committee
    Appointment Date
    March 29, 2022
    Expiration Date
    March, 2025
    Liability Insurance
    Yes
    • Advisor of Presidential Advisory Council on Science and Technology
    • (Current) Professor of Mechanical Engineering at KAIST

Operation

At the top of the decision making hierarchy within the Kia organization, the Board of Directors (BoD) fits the specific requirements of the automotive business.
To ensure timely and quick decision-making, the CEO chairs the BoD at Kia. In addressing concerns over potential interference in the independence of the BoD, a protocol measure is in place that provides agenda items and other related information to all BoD members at least seven days before BoD meetings.

Date

Operation by Date
Date Agenda Items /
Reported Matters		 Whether
approved		 Remarks
25-Jan-2024 Agenda Items
  1. Approval of the 80th (FY2023) financial statements and annual report
  2. Approval of business and investment plans for 2024
  3. Approval of the 80th (FY2023) record date for dividends
  4. Approval of treasury stock acquisition
  5. Approval on safety and health plans for 2024
  6. Approval of transaction between directors and affiliates (FY2024)
  7. Appointment of Chief Compliance Officer
  8. Appointment of Cheif Fair Trade Compliance Officer

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
16-Feb-2024 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 80th (FY2023) General Meeting of Shareholders
  2. Approval of participation in capital increase of overseas subsidiary

Reported Matters
  1. Management plan for investee company
  2. Actual state of internal accounting management system
  3. 2023 Board evaluation results report
 Approved -
15-Mar-2024 Agenda Items
  1. Appointment of CEO
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Compensation Committee
  5. Appointment of members of the Sustainability management Committee

Reported Matters
  1. Approval of loaning fund for overseas subsidiary
 Approved -
26-Apr-2024 Agenda Items
  1. Approval of participation in capital increase and acquisition of shares of overseas corporations
  2. Approval of participation in capital increase of overseas corporations
  3. Approval of cancellation of treasury shares

Reported Matters
  1. Business results and activities of FY2024 1st Quarter
 Approved -
26-Jul-2024 Agenda Items
  1. Approval of improvement for executive compensation schemes
  2. Approval of revised board of directors regulation
  3. Approval of complement CPO(Certifed Pre-Owned car business) regulation

Reported Matters
  1. Business results and activities of FY2024 1st Half
 Approved -
25-Oct-2024 Agenda Items
  1. Approval of cancellation of treasury shares
  2. Approval of disposal of treasury shares
  3. Approval of complement CPO(Certifed Pre-Owned car business) regulation
  4. Approval of revision of internal accounting management system
  5. Approval of changes of transaction limit between directors and affiliates

Reported Matters
  1. Report on KPI of major investees
  2. Business results and activities of FY2024 3rd Quarter
 Approved -
27-Jan-2023 Agenda Items
  1. Approval of the 79th (FY2022) financial statements and annual report
  2. Approval of business and investment plans for 2023
  3. Approval of transaction between directors and affiliates (FY2023)
  4. Approval on safety and health plans for 2023
  5. Approval of investment plans of Kazakhstan
  6. Approval of treasury stock acquisition

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
15-Feb-2023 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 79th (FY2022) General Meeting of Shareholders
  2. Approval of new construction for PBV plants in Autoland Hwasung

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
  2. 2022 Board evaluation results report
 Approved -
17-Mar-2023 Agenda Items
  1. Approval of dual-directorship
  2. Appointment of members of the Outside Director Recommendation Committee
  3. Appointment of members of the Compensation Committee
  4. Appointment of members of the Sustainability management Committee
  5. Appointment of Cheif Fair Trade Compliance Officer
  6. Approval of treasury stock disposal
  7. Approval of additional transaction between directors and affiliates (FY2023)
 Approved -
25-Apr-2023 Agenda Items
  1. Approval of participation in capital increase of other corporation
  2. Approval of overseas joint venture establishment, etc
  3. Approval of participation in capital increase of overseas affiliates
  4. Approval of stock retirement

Reported Matters
  1. Business results and activities of FY2023 1st Quarter
 Approved -
26-May-2023 Agenda Items
  1. Approval of overseas joint venture establishment
 Approved -
27-Jul-2023 Agenda Items
  1. Appointment of a change of Cheif Fair Trade Compliance Officer

Reported Matters
  1. Business results and activities of FY2023 1st Half
 Approved -
30-Aug-2023 Agenda Items
  1. Approval of strategic alliance with other corporation
  2. Approval of important management matters of overseas affiliates
 Approved -
27-Oct-2023 Agenda Items
  1. Approval of loaning fund for construction cost of a new factory of battery company
  2. Establishment of financial consumer protection standard and internal control guidelines
  3. Approval of treasury stock disposal
  4. Approval of changes of transaction limit between directors and affiliates (FY2023)

Reported Matters
  1. Business results and activities of FY2023 3rd Quarter
 Approved -
20-Dec-2023 Agenda Items
  1. Approval of selling equity of Russia factory(HMMR)
 Approved -
26-Jan-2022 Agenda Items
  1. Approval of the 78th (FY2021) financial statements and annual report
  2. Approval of business and investment plans for 2022
  3. Approval of transaction between directors and affiliates (FY2022)
  4. Approval on safety and health plans

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. DYK Business status
 Approved -
25-Feb-2022 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 78th (FY2021) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
29-Mar-2022 Agenda Items
  1. Appointment of CEO
  2. Appointment of Chairman of the Board of Directors
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
  5. Appointment of members of the Sustainability management Committee
  6. Appointment of Chief Compliance Officer
 Approved -
25-Apr-2022 Agenda Items
  1. Approval of investment plans for AAM business

Reported Matters
  1. Business results and activities of FY2022 1st Quarter
 Approved -
30-Jun-2022 Agenda Items
  1. Approval of establishment of overseas affiliates

Reported Matters
  1. Status of establishment of an EV specialized corporation in the United States
 Approved -
22-Jul-2022 Agenda Items
  1. Approval of partner liquidity support

Reported Matters
  1. Business results and activities of FY2022 1st Half
 Approved -
12-Aug-2022 Agenda Items
  1. Approval of investment in other corporation
  2. Approval of establishment of North American AI Lab
 Approved -
24-Oct-2022 Agenda Items
  1. Approval of treasury stock acquisition
  2. Approval of treasury stock disposal

Reported Matters
  1. Business results and activities of FY2022 3rd Quarter
 Approved -
27-Jan-2021 Agenda Items
  1. Approval of the 77th (FY2020) financial statements and annual report
  2. Approval of business and investment plans for 2021
  3. Approval of transaction between directors and affiliates (FY2021)
  4. Amendment of existing rules including Rules and Regulations of BoD
  5. Approval of Issuance of corporate bonds

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
19-Feb-2021 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 77th (FY2020) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
22-Mar-2021 Agenda Items
  1. Appointment of CEO
  2. Approval of dual-directorship
  3. Approval of the revision of regulations by the Transparent Management Committee
  4. Appointment of members of the Sustainability management Committee
  5. Appointment of members of the Outside Director Recommendation Committee
  6. Appointment of members of the Compensation Committee
  7. Approval of closure of educational facilities
  8. Approval on safety and health plans
 Approved -
22-Apr-2021 Reported Matters
  1. Business results and activities of FY2021 1st Quarter
 Approved -
22-Jul-2021 Agenda Items
  1. Approval of revision of BOD regulations and corporate governance charter

Reported Matters
  1. Business results and activities of FY2020 1st Half
 Approved -
27-Oct-2021 Agenda Items
  1. Approval of revision of BOD regulations and corporate governance charter
  2. Approval of treasury stock acquisition
  3. Approval of treasury stock disposal

Reported Matters
  1. Business results and activities of FY2021 3rd Quarter
  2. Report on the signing of contracts with shareholders
 Approved -
09-Dec-2021 Agenda Items
  1. Approval of dual-directorship
  2. Approval of investment in affiliates
  3. Approval of dual-directorship
  4. Approval of additional transaction between directors and affiliates (FY2021)
  5. Approval of Issuance of corporate bonds

Reported Matters
  1. Patnership with Ocean Clean Up
 Approved -
22-Jan-2020 Agenda Items
  1. Approval of the 76th (FY2019) financial statements and annual report
  2. Approval of business and investment plans for 2020
  3. Approval of transaction between directors and affiliates (FY2020)
  4. Approval of appointment of Compensation Committee

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance
 Approved -
19-Feb-2020 Agenda Items
  1. Approval of the introduction of electronic voting
  2. Approval of Convocation of and Agenda to be Submitted to the 76th (FY2019) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
24-Mar-2020 Agenda Items
  1. Approval of dual-directorship
  2. Appointment of members of the Outside Director Recommendation Committee
  3. Appointment of members of the Corporate Governance and Communication Committee
  4. Appointment of members of the Compensation Committee
  5. Approval of Issuance of corporate bonds
 Approved -
23-Apr-2020 Agenda Items
  1. Approval of Setting the base date for extraordinary shareholders' meeting, convocation

Reported Matters
  1. Business results and activities of FY2020 1st Quarter
 Approved -
10-Jun-2020 Agenda Items
  1. Appointment of CEO
  2. Appointment of Chairman of the Board of Directors
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
 Approved -
23-Jul-2020 Reported Matters
  1. Business results and activities of FY2020 1st Half
  2. Operation of fair trade compliance
 - -
14-Oct-2020 Reported Matters
  1. Inauguration of New Chairman(Eui-Sun Chung)
 - -
26-Oct-2020 Agenda Items
  1. Approval of dual-directorship

Reported Matters
  1. Business results and activities of FY2020 3rd Quarter
 Approved -
25-Jan-2019 Agenda Items
  1. Approval of the 75th (FY2018) financial statements and annual report
  2. Approval of business and investment plans for 2019
  3. Approval of amendment of internal accounting management system rule
  4. Approval of transaction limit with the largest shareholder (FY2019)
  5. Approval of transaction between directors and affiliates (FY2019)
  6. Approval of transaction with affiliates
  7. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance
 Approved -
20-Feb-2019 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 75th (FY2018) General Meeting of Shareholders
 Approved -
15-Mar-2019 Agenda Items
  1. Appointment of Chief Executive Officer
  2. Appointment of the Chairman of the BoD
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
  5. Appointment of members of the Corporate Governance and Communication Committee
  6. Appointment of Chief Compliance Officer
 Approved -
25-Apr-2019 Agenda Items
  1. Amendment of Compliance control standards
  2. Amendment of the audit committee rules
  3. Transaction with affiliates
  4. Financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2019 1st Quarter
 Approved -
23-Jul-2019 Agenda Items
  1. Amendment of Rules and Regulations of BoD
  2. Establishment of Corporate Governance Charter
  3. Payment Guarantee of affiliates

Reported Matters
  1. Business results and activities of FY2019 1st Half
  2. Operation of FY2019 1st Half Fair Trade Compliance Program
 Approved -
23-Sep-2019 Agenda Items
  1. Establishment of joint venture
 Approved -
24-Oct-2019 Agenda Items
  1. Amendment of existing rules including Rules and Regulations of BoD
  2. Establishment of Compensation committee

Reported Matters
  1. Business results and activities of FY2019 3rd Quarter
 Approved -
Activities of the Board of Directors in 2024
Date Agenda Items / Reported Matters Whether
approved		 Remarks
25-Jan-2024 Agenda Items
  1. Approval of the 80th (FY2023) financial statements and annual report
  2. Approval of business and investment plans for 2024
  3. Approval of the 80th (FY2023) record date for dividends
  4. Approval of treasury stock acquisition
  5. Approval on safety and health plans for 2024
  6. Approval of transaction between directors and affiliates (FY2024)
  7. Appointment of Chief Compliance Officer
  8. Appointment of Cheif Fair Trade Compliance Officer

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
16-Feb-2024 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 80th (FY2023) General Meeting of Shareholders
  2. Approval of participation in capital increase of overseas subsidiary

Reported Matters
  1. Management plan for investee company
  2. Actual state of internal accounting management system
  3. 2023 Board evaluation results report
 Approved -
15-Mar-2024 Agenda Items
  1. Appointment of CEO
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Compensation Committee
  5. Appointment of members of the Sustainability management Committee

Reported Matters
  1. Approval of loaning fund for overseas subsidiary
 Approved -
26-Apr-2024 Agenda Items
  1. Approval of participation in capital increase and acquisition of shares of overseas corporations
  2. Approval of participation in capital increase of overseas corporations
  3. Approval of cancellation of treasury shares

Reported Matters
  1. Business results and activities of FY2024 1st Quarter
 Approved -
26-Jul-2024 Agenda Items
  1. Approval of improvement for executive compensation schemes
  2. Approval of revised board of directors regulation
  3. Approval of complement CPO(Certifed Pre-Owned car business) regulation

Reported Matters
  1. Business results and activities of FY2024 1st Half
 Approved -
25-Oct-2024 Agenda Items
  1. Approval of cancellation of treasury shares
  2. Approval of disposal of treasury shares
  3. Approval of complement CPO(Certifed Pre-Owned car business) regulation
  4. Approval of revision of internal accounting management system
  5. Approval of changes of transaction limit between directors and affiliates

Reported Matters
  1. Report on KPI of major investees
  2. Business results and activities of FY2024 3rd Quarter
 Approved -
Activities of the Board of Directors in 2023
Date Agenda Items / Reported Matters Whether
approved		 Remarks
27-Jan-2023 Agenda Items
  1. Approval of the 79th (FY2022) financial statements and annual report
  2. Approval of business and investment plans for 2023
  3. Approval of transaction between directors and affiliates (FY2023)
  4. Approval on safety and health plans for 2023
  5. Approval of investment plans of Kazakhstan
  6. Approval of treasury stock acquisition

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
15-Feb-2023 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 79th (FY2022) General Meeting of Shareholders
  2. Approval of new construction for PBV plants in Autoland Hwasung

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
  2. 2022 Board evaluation results report
 Approved -
17-Mar-2023 Agenda Items
  1. Approval of dual-directorship
  2. Appointment of members of the Outside Director Recommendation Committee
  3. Appointment of members of the Compensation Committee
  4. Appointment of members of the Sustainability management Committee
  5. Appointment of Cheif Fair Trade Compliance Officer
  6. Approval of treasury stock disposal
  7. Approval of additional transaction between directors and affiliates (FY2023)
 Approved -
25-Apr-2023 Agenda Items
  1. Approval of participation in capital increase of other corporation
  2. Approval of overseas joint venture establishment, etc
  3. Approval of participation in capital increase of overseas affiliates
  4. Approval of stock retirement

Reported Matters
  1. Business results and activities of FY2023 1st Quarter
 Approved -
26-May-2023 Agenda Items
  1. Approval of overseas joint venture establishment
 Approved -
27-Jul-2023 Agenda Items
  1. Appointment of a change of Cheif Fair Trade Compliance Officer

Reported Matters
  1. Business results and activities of FY2023 1st Half
 Approved -
30-Aug-2023 Agenda Items
  1. Approval of strategic alliance with other corporation
  2. Approval of important management matters of overseas affiliates
 Approved -
27-Oct-2023 Agenda Items
  1. Approval of loaning fund for construction cost of a new factory of battery company
  2. Establishment of financial consumer protection standard and internal control guidelines
  3. Approval of treasury stock disposal
  4. Approval of changes of transaction limit between directors and affiliates (FY2023)

Reported Matters
  1. Business results and activities of FY2023 3rd Quarter
 Approved -
20-Dec-2023 Agenda Items
  1. Approval of selling equity of Russia factory(HMMR)
 Approved -
Activities of the Board of Directors in 2022
Date Agenda Items / Reported Matters Whether
approved		 Remarks
26-Jan-2022 Agenda Items
  1. Approval of the 78th (FY2021) financial statements and annual report
  2. Approval of business and investment plans for 2022
  3. Approval of transaction between directors and affiliates (FY2022)
  4. Approval on safety and health plans

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. DYK Business status
 Approved -
25-Feb-2022 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 78th (FY2021) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
29-Mar-2022 Agenda Items
  1. Appointment of CEO
  2. Appointment of Chairman of the Board of Directors
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
  5. Appointment of members of the Sustainability management Committee
  6. Appointment of Chief Compliance Officer
 Approved -
25-Apr-2022 Agenda Items
  1. Approval of investment plans for AAM business

Reported Matters
  1. Business results and activities of FY2022 1st Quarter
 Approved -
30-Jun-2022 Agenda Items
  1. Approval of establishment of overseas affiliates

Reported Matters
  1. Status of establishment of an EV specialized corporation in the United States
 Approved -
22-Jul-2022 Agenda Items
  1. Approval of partner liquidity support

Reported Matters
  1. Business results and activities of FY2022 1st Half
 Approved -
12-Aug-2022 Agenda Items
  1. Approval of investment in other corporation
  2. Approval of establishment of North American AI Lab
 Approved -
24-Oct-2022 Agenda Items
  1. Approval of treasury stock acquisition
  2. Approval of treasury stock disposal

Reported Matters
  1. Business results and activities of FY2022 3rd Quarter
 Approved -
Activities of the Board of Directors in 2021
Date Agenda Items / Reported Matters Whether
approved		 Remarks
27-Jan-2021 Agenda Items
  1. Approval of the 77th (FY2020) financial statements and annual report
  2. Approval of business and investment plans for 2021
  3. Approval of transaction between directors and affiliates (FY2021)
  4. Amendment of existing rules including Rules and Regulations of BoD
  5. Approval of Issuance of corporate bonds

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
 Approved -
19-Feb-2021 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 77th (FY2020) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
22-Mar-2021 Agenda Items
  1. Appointment of CEO
  2. Approval of dual-directorship
  3. Approval of the revision of regulations by the Transparent Management Committee
  4. Appointment of members of the Sustainability management Committee
  5. Appointment of members of the Outside Director Recommendation Committee
  6. Appointment of members of the Compensation Committee
  7. Approval of closure of educational facilities
  8. Approval on safety and health plans
 Approved -
22-Apr-2021 Reported Matters
  1. Business results and activities of FY2021 1st Quarter
 Approved -
22-Jul-2021 Agenda Items
  1. Approval of revision of BOD regulations and corporate governance charter

Reported Matters
  1. Business results and activities of FY2020 1st Half
 Approved -
27-Oct-2021 Agenda Items
  1. Approval of revision of BOD regulations and corporate governance charter
  2. Approval of treasury stock acquisition
  3. Approval of treasury stock disposal

Reported Matters
  1. Business results and activities of FY2021 3rd Quarter
  2. Report on the signing of contracts with shareholders
 Approved -
09-Dec-2021 Agenda Items
  1. Approval of dual-directorship
  2. Approval of investment in affiliates
  3. Approval of dual-directorship
  4. Approval of additional transaction between directors and affiliates (FY2021)
  5. Approval of Issuance of corporate bonds

Reported Matters
  1. Patnership with Ocean Clean Up
 Approved -
Activities of the Board of Directors in 2020
Date Agenda Items / Reported Matters Whether
approved		 Remarks
22-Jan-2020 Agenda Items
  1. Approval of the 76th (FY2019) financial statements and annual report
  2. Approval of business and investment plans for 2020
  3. Approval of transaction between directors and affiliates (FY2020)
  4. Approval of appointment of Compensation Committee

Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance
 Approved -
19-Feb-2020 Agenda Items
  1. Approval of the introduction of electronic voting
  2. Approval of Convocation of and Agenda to be Submitted to the 76th (FY2019) General Meeting of Shareholders

Reported Matters
  1. Evaluation of Actual state of internal accounting management system
 Approved -
24-Mar-2020 Agenda Items
  1. Approval of dual-directorship
  2. Appointment of members of the Outside Director Recommendation Committee
  3. Appointment of members of the Corporate Governance and Communication Committee
  4. Appointment of members of the Compensation Committee
  5. Approval of Issuance of corporate bonds
 Approved -
23-Apr-2020 Agenda Items
  1. Approval of Setting the base date for extraordinary shareholders' meeting, convocation

Reported Matters
  1. Business results and activities of FY2020 1st Quarter
 Approved -
10-Jun-2020 Agenda Items
  1. Appointment of CEO
  2. Appointment of Chairman of the Board of Directors
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
 Approved -
23-Jul-2020 Reported Matters
  1. Business results and activities of FY2020 1st Half
  2. Operation of fair trade compliance
 - -
14-Oct-2020 Reported Matters
  1. Inauguration of New Chairman(Eui-Sun Chung)
 - -
26-Oct-2020 Agenda Items
  1. Approval of dual-directorship

Reported Matters
  1. Business results and activities of FY2020 3rd Quarter
 Approved -

Sub-committees under BoD

Non-standing directors are elected from those who can contribute their profound expertise and experience in management, economics, accounting and legal affairs to the BoD’s operation. Sub-committees ensure rational and transparent management decision-making.

BoD Assessment and Compensation

Remunerations to standing and non-standing directors are made mainly in the form of annual base salaries within a wage ceiling capped according to their positions by the General Meeting of Shareholders.

Year

BoD Assessment and Compensation by Year
BoD Compensation /
Remuneration		 Item 2021 2022 2023
BoD
Compensation		 Annual compensation to BoD* KRW 3,335 mil KRW 5,032 mil KRW 5,975 mil
CEO
Remuneration		 Average annual compensation to CEO and average KRW 1,294 mil KRW 2,541 mil** KRW 3,268 mil
Details of CEO Remuneration Business report
(Korean Ver.) 		Business report
(Korean Ver.) 		Business report
(Korean Ver.)

* The annual remuneration of the BOD includes severance pay for the current year, and no severance pay is accrued in 2021 and 2022.
** Average annual compensation of employees in 2023 is KRW 127 million

Details of Bod Compensation in 2023

(Unit: KRW million)

Details of Bod Compensation in 2023
Board members Number of members Total Amount Average compensation per member
Inside Directors 4 5,525 1,381
Outside Directors 2 180 90
Audit Committee members 3 270 90
Total 9 5,975 664

Remuneration details of Internal Directors including CEO and CFO

(Unit: KRW million)

Remuneration details of Internal Directors including CEO and CFO
Name Position Total Amount
Ho Sung Song CEO 3,268
Jun Young Choi Executive Vice President 1,268
Woo Jeong Joo Executive Vice President (CFO) 990
Total 5,526

* Euisun Chung, Chairman of Hyundai Motor Group, is not being paid

CEO Ho Sung Song

(Unit: KRW million)

Remuneration details of Ho Sung Song(CEO)
Type of Income Total Amount Criteria and methods
Salary Income Wage 1,116 The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders.
The total salary was set at 1,116 million won and paid in installments from January to December. The total salary is calculated based on the executive remuneration payment standard (executive salary table), and is calculated by comprehensively considering the position, expertise, performance work, and company contribution within the remuneration limit for directors.
Bonus 2,149 [Performance Incentives]
Performance incentives were paid within 0-200% of each individual's annual salary. Based on the executive remuneration payment standard (performance incentive), performance incentives were calculated by comprehensively considering business performance such as sales and operating profit, performance and contribution as management, and the internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income 3 Benefits (long-term compensation, etc.) were paid based on company regulations
Retirement Income - -
Other Income - -

Executive Vice President Jun Young Choi

(Unit: KRW million)

Remuneration details of Jun Young Choi(Executive Vice President)
Type of Income Total Amount Criteria and methods
Salary Income Wage 667 The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders.
The total salary was set at 667 million won and paid in installments from January to December. The total salary is calculated based on the executive remuneration payment standard (executive salary table), and is calculated by comprehensively considering the position, expertise, performance work, and company contribution within the remuneration limit for directors.
Bonus 599 [Performance Incentives]
Performance incentives were paid within 0-200% of each individual's annual salary. Based on the executive remuneration payment standard (performance incentive), performance incentives were calculated by comprehensively considering business performance such as sales and operating profit, performance and contribution as management, and the internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income 2 Benefits (gift fees, etc.) were paid based on company regulations
Retirement Income - -
Other Income - -

Executive Vice President Woo Jeong Joo

(Unit: KRW million)

Remuneration details of Executive Vice President Woo Jeong Joo
Type of Income Total Amount Criteria and methods
Salary Income Wage 580 The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders.
The total salary was set at 580 million won and paid in installments from January to December. The total salary is calculated based on the executive remuneration payment standard (executive salary table), and is calculated by comprehensively considering the position, expertise, performance work, and company contribution within the remuneration limit for directors.
Bonus 406 [Performance Incentives]
Performance incentives were paid within 0-200% of each individual's annual salary. Based on the executive remuneration payment standard (performance incentive), performance incentives were calculated by comprehensively considering business performance such as sales and operating profit, performance and contribution as management, and the internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income 4 Benefits (gift fees, etc.) were paid based on company regulations
Retirement Income - -
Other Income - -