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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
    Executive Vice President
    Appointment Date
    March 09, 2018
    Expiration Date
    March, 2024
    Liability Insurance
    Yes
    • Domestic Production Division
    • (Current) Executive Vice President
  • Position
    CFO & Executive Vice President
    Appointment Date
    March 15, 2019
    Expiration Date
    March, 2023
    Liability Insurance
    Yes
    • (Current) CFO & Executive Vice President
  • Position
    Member of Corporate Sustainability Management Committee, Outside Director Recommendation Committee, Compensation Committee
    Appointment Date
    March 09, 2018
    Expiration Date
    March, 2024
    Liability Insurance
    Yes
    • Director of Korea Fair Trade Commission
    • (Current) Advisor at Yoon & Yang Law Firm
  • Position
    Member of Audit Committee, Sustainability Management Committee, Compensation Committee
    Appointment Date
    March 24, 2017
    Expiration Date
    March, 2023
    Liability Insurance
    Yes
    • 20th Head of NTS (National Tax Service)
    • (Current) Advisor at Yoon & Yang Law Firm
  • Position
    Member of Audit Committee, Sustainability Management Committee, Outside Director Recommendation Committee
    Appointment Date
    March 24, 2017
    Expiration Date
    March, 2023
    Liability Insurance
    Yes
    • Chairman of Korean Labor and Employment Relationships Association
    • (Current) Professor of Business School at Korea University
  • Position
    Member of Audit Committee, Sustainability Management Committee, Outside Director Recommendation Committee
    Appointment Date
    March 22, 2021
    Expiration Date
    March, 2024
    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 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
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-Fed-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 -
25-Jan-2018 Agenda Items
  1. Approval of the 74th (FY2017) financial statements and annual report
  2. Approval of business and investment plans for 2018
  3. Approval of amendment of BoD rule
  4. Approval of transaction limit with the largest shareholder (FY2018)
  5. Approval of transaction between directors and affiliates (FY2018)
  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 -
12-Feb-2018 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 74th (FY2017) General Meeting of Shareholders
 Approved -
09-Mar-2018 Agenda Items
  1. Appointment of the Chairman of the BoD
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Corporate Governance and Communication Committee
 Approved -
28-Mar-2018 Agenda Items
  1. Approval of the exercise of voting rights on the spin-off merger of Hyundai Mobis
  2. Approval of the share transfer agreement of Hyundai Mobis and Hyundai Glovis after spin-off merger
  3. Approval of large internal transaction
 Approved -
27-Apr-2018 Agenda Items
  1. Appointment of Chief Compliance Officer
  2. Approval of transaction with affiliates
  3. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 1st Quarter
 Approved -
27-Jul-2018 Agenda Items
  1. Approval of appointment of Chief Executive Officer
  2. Approval of appointment of Chief Compliance Officer
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 1st Quarter
  2. Operation of fair trade compliance
 Approved -
26-Oct-2018 Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 3rd Quarter
 Approved -
26-Jan-2017 Agenda Items
  1. Approval of the 73rd (FY2016) financial statements and annual report
  2. Approval of business and investment plans for 2017
  3. Approval of transaction limit with the largest shareholder (FY2017)
  4. Approval of transaction between directors and affiliates (FY2017)
  5. Approval of the issuance of corporate bonds
  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 -
23-Feb-2017 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 73rd (FY2016) General Meeting of Shareholders

Reported Matters
  1. Results of the issuance of corporate bonds
 Approved -
17-Mar-2017 Agenda Items
  1. Approval of capital increase of Hyundai Capital Germany (HCG)
 Approved -
24-Mar-2017 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
 Approved -
7-Apr-2017 Agenda Items
  1. Approval of the use of KIA’s trade name for affiliates
 Approved -
27-Apr-2017 Agenda Items
  1. Approval of KMI’s new investment
  2. Approval of funding for KMI
  3. Approval of capital increase of HCCA
  4. Approval of capital increase of Beijing Hyundai Motor Co., Ltd.
  5. Approval of financial transaction with financial affiliates by contract
  6. Approval of amendment of the Corporate Governance and Communication Committee rule

Reported Matters
  1. Business results and activities of FY2017 1st Quarter
 Approved -
27-Jul-2017 Agenda Items
  1. Approval of funding and payment guarantee of affiliates
  2. Approval of capital increase of affiliates
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract
  5. Approval of the issuance of international bonds

Reported Matters
  1. Business results and activities of FY2017 1st Half
  2. Operation of fair trade compliance in FY2017 1st Half
 Approved -
27-Oct-2017 Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract
  3. Approval of transaction with the largest shareholder
  4. Approval of insurance transaction with financial affiliates
  5. Approval of outsourcing new business management

Reported Matters
  1. Business results and activities of FY2017 3rd Quarter
  2. Results of the issuance of international bonds
 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-Fed-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 -
Activities of the Board of Directors in 2019
Date Agenda Items / Reported Matters Whether
approved		 Remarks
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 2018
Date Agenda Items / Reported Matters Whether
approved		 Remarks
25-Jan-2018 Agenda Items
  1. Approval of the 74th (FY2017) financial statements and annual report
  2. Approval of business and investment plans for 2018
  3. Approval of amendment of BoD rule
  4. Approval of transaction limit with the largest shareholder (FY2018)
  5. Approval of transaction between directors and affiliates (FY2018)
  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 -
12-Feb-2018 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 74th (FY2017) General Meeting of Shareholders
 Approved -
09-Mar-2018 Agenda Items
  1. Appointment of the Chairman of the BoD
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Corporate Governance and Communication Committee
 Approved -
28-Mar-2018 Agenda Items
  1. Approval of the exercise of voting rights on the spin-off merger of Hyundai Mobis
  2. Approval of the share transfer agreement of Hyundai Mobis and Hyundai Glovis after spin-off merger
  3. Approval of large internal transaction
 Approved -
27-Apr-2018 Agenda Items
  1. Appointment of Chief Compliance Officer
  2. Approval of transaction with affiliates
  3. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 1st Quarter
 Approved -
27-Jul-2018 Agenda Items
  1. Approval of appointment of Chief Executive Officer
  2. Approval of appointment of Chief Compliance Officer
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 1st Quarter
  2. Operation of fair trade compliance
 Approved -
26-Oct-2018 Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract

Reported Matters
  1. Business results and activities of FY2018 3rd Quarter
 Approved -
Activities of the Board of Directors in 2017
Date Agenda Items / Reported Matters Whether
approved		 Remarks
26-Jan-2017 Agenda Items
  1. Approval of the 73rd (FY2016) financial statements and annual report
  2. Approval of business and investment plans for 2017
  3. Approval of transaction limit with the largest shareholder (FY2017)
  4. Approval of transaction between directors and affiliates (FY2017)
  5. Approval of the issuance of corporate bonds
  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 -
23-Feb-2017 Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 73rd (FY2016) General Meeting of Shareholders

Reported Matters
  1. Results of the issuance of corporate bonds
 Approved -
17-Mar-2017 Agenda Items
  1. Approval of capital increase of Hyundai Capital Germany (HCG)
 Approved -
24-Mar-2017 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
 Approved -
7-Apr-2017 Agenda Items
  1. Approval of the use of KIA’s trade name for affiliates
 Approved -
27-Apr-2017 Agenda Items
  1. Approval of KMI’s new investment
  2. Approval of funding for KMI
  3. Approval of capital increase of HCCA
  4. Approval of capital increase of Beijing Hyundai Motor Co., Ltd.
  5. Approval of financial transaction with financial affiliates by contract
  6. Approval of amendment of the Corporate Governance and Communication Committee rule

Reported Matters
  1. Business results and activities of FY2017 1st Quarter
 Approved -
27-Jul-2017 Agenda Items
  1. Approval of funding and payment guarantee of affiliates
  2. Approval of capital increase of affiliates
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract
  5. Approval of the issuance of international bonds

Reported Matters
  1. Business results and activities of FY2017 1st Half
  2. Operation of fair trade compliance in FY2017 1st Half
 Approved -
27-Oct-2017 Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract
  3. Approval of transaction with the largest shareholder
  4. Approval of insurance transaction with financial affiliates
  5. Approval of outsourcing new business management

Reported Matters
  1. Business results and activities of FY2017 3rd Quarter
  2. Results of the issuance of international bonds
 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 2019 2020 2021
BoD
Compensation		 Annual compensation to BoD* KRW 2,969 mil KRW 6,731 mil KRW 3,335 mil
CEO
Remuneration		 Average annual compensation to CEO and average KRW 1,182 mil KRW 1,139 mil KRW 1,294 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 2019 and 2021.
** Average annual compensation of employees in 2021 is KRW 101 million

Details of Bod Compensation in 2021

(Unit: KRW million)

Details of Bod Compensation in 2021
Board members Number of members Total Amount Average compensation per member
Inside Directors 4 2,915 729
Outside Directors 2 168 84
Audit Committee members 3 252 84
Total 9 3,335 -

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 1294
Jun-Young Choi Executive Vice President 943
Woo-Jeong Joo Executive Vice President (CFO) 678
Total 2,915

* Eui-Sun 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 979 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 salary of KRW 598 million was determined for the CEO after named, under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from June to December 2020.
Bonus 315 [Performance Incentives]
Based on the standards for director remuneration (short-term incentives), KRW 270 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income - -
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 736 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 salary of KRW 736 million was determined under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from January to December 2021.
Bonus 207 [Performance Incentives]
Based on the standards for director remuneration (short-term incentives), KRW 207 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income - -
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 503 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 salary of KRW 503 million was determined under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from January to December 2021.
Bonus 175 [Performance Incentives]
Based on the standards for director remuneration (short-term incentives), KRW 175 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment.
Gains from Exercising Stock Options - -
Other Salary Income - -
Retirement Income - -
Other Income - -

* Details of BoD Compensation in 2021 is extracted from ‘2021 Annual Report’ filing submitted on Mar 21st, 2022.