KOR
Governance Governance

Governance

We endeavor to enhance the rights and interests of all shareholders
through rational and transparent management activities.

Board of Directors

Hankuk Carbon
prioritizes transparent and equitable governance
with the management of the Board of Directors.

Goal of Corporate Governance

Strengthening the independence and expertise of the Board of Directors
Strengthening the independence and expertise of the Board of Directors
Enhancing sustainable corporate value
Enhancing sustainable corporate value
Sustainability
Stakeholder's Happiness
Improving management transparency
Improving management transparency
Gaining trust for investment
Gaining trust for investment

BOD Composition

The board of directors of Hankuk Carbon comprises one independent director and three executive directors. The board deliberates on and resolves matters that fall within its authority and significant decision-making matters outlined in commercial law, the Capital Market Act, the Fair Trade Act, and the Articles of Association.

Executive Directors
  • Moon-soo Cho
    • Specialties
      General corporate management
    • Career Highlights
      CEO of Hankuk Fiber Co., Ltd.
    • Appointment Date
      1999.03.19
    • Term of Office
      2026.03.30
  • Myung-hwa Lee
    • Specialties
      General corporate management
    • Career Highlights
      CEO of Hankuk Advanced Materials Co., Ltd
    • Appointment Date
      2018.03.30
    • Term of Office
      2024.03.30
  • Ki-sung Park
    • Specialties
      General corporate management
    • Career Highlights
      Doctor of Business Administration, Seoul National University
    • Appointment Date
      2023.03.31
    • Term of Office
      2026.03.30
Independent Director
  • Min-gu Han
    • Specialties
      General corporate management
    • Career Highlights
      Former Minister of Defense
    • Term of Office
      2025.03.30
Procedure for Appointment of Independent Directors

Multiple candidates for independent directors are recommended who meet the qualification standards set by Article 382, paragraph 3, of the Commercial Code and Article 542, paragraph 8, second sentence of the same Act. We appoint those with specialized knowledge who can contribute to the company's growth and development.

  • 01
    Recommendations on the candidates of independent directors from general managers and advisors
  • 02
    Verification of the eligibility of candidates
  • 03
    Confirmation of the verified candidate's will for the position of independent director
  • 04
    Selection of the candidates for independent director through a management meeting, including the general managers and advisors
  • 05
    Performing the duties of an independent director through the appointment process of the shareholders meeting
Directors Training Program

We provide internal and external training to improve the business abilities of Hankuk Carbon's director, board members, and decision-makers.

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교육일자, 교육 실시 주체, 참석 사외이사, 불참시 사유, 주요 교육 등의 내용을 포함한 표.
Training Date Subjects to Training Attended Independent Directors Reason for non-attendance Main Training Contents
2023.07.05 Samil Academy Co., Ltd. Min-gu Han - Topics in focus : ESG
2023.05.18 Korea Listed Companies Association Min-gu Han - Key management diagnosis and decision-making for executives, including independent directors
2022.04.06 Korea Listed Companies Association Min-gu Han - On-site inspections to understand the status of management activities

Board of Directors Activities

Hankuk Carbon conducts annual board meetings where the agenda materials are provided and reported in advance to give enough time for the board members to review them. Furthermore, we uphold professional and transparent management practices by regularly reporting any vital issues in the company and convening meetings for swift decision-making.

Articles of Association Corporate Governance Charter Board Regulations
  • 2023
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    일시, 의안, 내용, 사외이사 참석인원 등의 내용을 포함한 표.
    Date Agenda Content Attenderts (Independent Directors)
    2023.03.13 Report 1. Internal Accounting Management System Operational Status All four directors attended
    One out of one auditor attended
    2. Internal Accounting Management System Operational Evaluation
    3. Audit Report
    4. Auditor's Opinion on Internal Monitoring System
    5. Health & Safety Plan
    6. ESG Progress (Governance Report etc.)
    To be reviewed 1. Dividend Approval for 2022
    2. Digitalization of Voting and Power of Attorney at the 39th Shareholders General Meeting
    3. Revision in Regulations of Board of Directors
    4. Convening the 39th Shareholders General Meeting
    2023.03.29 To be reviewed 1. Appointment of CEO All four directors attended,
    One out of one auditor attended
    2023.05.30 To be reviewed 1. Capital Transfer of HCM VINA Co. All four directors attended,
    One out of one auditor attended
  • 2022
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    일시, 의안 내용, 사외이사 참석인원 등의 내용을 포함한 표.
    Date Agenda Content Attendents (Independent Directors)
    2022.03.15 Report 1. Internal Accounting Management System Operational Status All four directors attended
    One out of one auditor attended
    2. Internal Accounting Management System Operational Evaluation
    3. Audit Report
    4. Auditor's Opinion on Internal Monitoring System
    5. Health & Safety Plan
    To be reviewed 1. Dividend Approval for 2021
    2. Digitalization of Voting and Power of Attorney at the 38th Shareholders General Meeting
    3. Convening the 38th Shareholders General Meeting
    2022.03.30 Report 1. Resignation and Appointment of Manager All four directors attended
    One out of one auditor attended
    2022.12.19 Report 1. Importance of Corporate's non-financial RISK & ESG All four directors attended
    One out of one auditor attended
    2. Environmental Management Performance
    3. Issues on Environmental Management (Regarding Climate Change and Carbon Neutralization)
    To be reviewed 1. Approval of capital contributions and loan limits for subsidiary management
  • 2021
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    일시, 의안, 내용, 사외이사 참석인원 등의 내용을 포함한 표.
    Date Agenda Content Attendents (Independent Directors)
    2021.02.26 Report 1. Internal Accounting Management System Operational Status All four directors attended
    One out of one auditor attended
    2. Internal Accounting Management System Operational Evaluation
    3. Audit Report
    4. Auditor's Opinion on Internal Monitoring System
    To be reviewed 1. Approval of the 2021 financial statements, consolidated financial statements and surplus appropriation statement (including proposed dividend of KRW 180 per share)
    2. Entering into a contract for foreign exchange derivatives transactions with Kyongnam Bank Yeouido Branch
    3. Setting the limit for Guarantee of Payment of Foreign Currency
    4. Approval of Additional Limit of Loans to Korea Composites Inc.
    5. Digitalization of Voting and Power of Attorney
    6. Setting the Additional Limit for Vietnamese Investment
    2021.03.12 Report 1. Audit Report All four directors attended
    One out of one auditor attended
    2. Internal Accounting Management System Operational Status
    3. Sales Report
    To be reviewed 1. Approval of the 37th financial statements, consolidated financial statements and surplus appropriation statement (including proposed dividend of KRW 180 per share)
    2. Appointment of Inside Director - Reelected Myung-hwa Lee
    3. Partial Revision in Articles of Association
    4. Approval of directors' remuneration limit (KRW 2.5 billion in the previous year and KRW 5 billion in the current year)
    5. Approval of auditors' remuneration limit (KRW 0.1 billion in the previous year and KRW 0.1 billion in the current year)
    6. Revision in Regulations for Severance Pay for Executive Members
    7. Revision in Regulations for Board of Directors
    8. Applying for new loans from Kyongnam Bank Yeouido Financial Center (Fund for Rationalization of Energy Use from Korea Energy Agency)
Risk Management System of the BOD

A number of measures have been established and are being implemented to respond to and control actual and potential risks that Hankuk Carbon faces in the present and future.

Internal Control System Establishment and implementation of the Investment Review Committee
Board review on non-financial risks

Hankuk Carbon's board of directors organizes an ESG committee to hedge the company's potential non-financial risks (ESG).

- At the March 2023 Annual General Meeting of Shareholders, we reported to the Board of Directors on our preparations for environmental safety.

ESG Performance

As a leader in material business, Hankuk Carbon pursues ESG management to make continuous performance improvements.

Total Number of Shares
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주식의 총수의 구분, 의결권, 2020, 2021, 2022 등의 내용을 포함한 표.
Classification Voting 2020 2021 2022
Common stock 1 vote 43,960,757 43,960,787 43,960,787
Preferred Stock - - - -
Total - 43,960,757 43,960,787 43,960,787
Dividend Status (Unit: KRW)
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배당금 현황의 구분, 2018, 2019, 2020, 2021, 2022 등의 내용을 포함한 표.
Category 2018 2019 2020 2021 2022
Total Dividends 4,102,216,500 4,922,659,800 7,743,989,700 6,453,316,900 5,592,881,450
Cash Dividend Propensity -137.72 27.81 1.34 44.98 37.5
Cash Dividend Per Share (Common Stock) 100 120 180 150 130
Cash Dividend Yield (Common Stock) 1.42 1.53 1.34 1.4 1.22
Consolidated Summary Financial Statements (Unit: KRW)
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연결요약 재무제표의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Category 2020 2021 2022
Total Assets 478,319,470,904 498,355,905,299 585,333,635,410
Total Liabilities 497,788,638,535 109,356,563,548 181,165,801,047
Total Stockholders' Equity 380,530,832,369 388,999,341,751 404,167,834,363
Revenue 411,665,264,149 367,827,134,273 369,270,866,021
Operating income 75,727,689,500 32,732,355,547 24,798,059,067
Net income 57,379,486,137 14,348,609,838 20,260,871,261
Consolidated Audited Financial Statements
Condensed Consolidated Financial Statements (Unit: KRW)
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별도요약 재무제표의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Category 2020 2021 2022
Total Assets 484,832,735,938 492,538,101,468 573,791,493,744
Total Liabilities 87,056,270,105 88,046,531,844 172,708,851,335
Total Stockholders' Equity 397,776,465,833 404,491,569,624 401,082,642,409
Revenue 409,524,355,874 361,307,876,006 340,208,178,907
Operating income 75,265,298,325 32,050,460,516 28,719,054,126
Net income 57,962,448,731 14,912,477,320 2,174,393,614
Audit Report
Credit Rating
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신용등급의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Category 2020 2021 2022
Korea Corporate Data A+ A A
NiceD&B A+ A+ A+
Association Expenditures (Unit: KRW thousand)
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협회 지출액의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Category 2020 2021 2022
Korea Listed Companies Association 10,240 10,240 -
Federation of Middle Market Enterprise of Korea 25,000 25,000 100,000
Korea Crime Prevention Foundation 1,000 1,000 -
Korea Drone Industry Promotion Association 20,000 20,000 20,000
KADIS 1,000 - 300
Korea Carbon Nano Industry Association 5,000 - 5,000
Korea Society of Propulsion Engineers - 9,000 5,000
Carbon and Hydrogen Research Association 3,000 3,000 -
Korea Aerospace Industry Association 6,000 6,000 6,000
Korean Society for Composite Materials 5,000 5,000 -

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