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
      2027.03.29
  • 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-goo Han
    • Specialties
      General corporate management
    • Career Highlights
      Former Minister of National 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 Training Provider Attended Independent Directors Reasons for
Non-attendance		 Main Training Contents
2024.06.03 Korea Listed Companies Association Min-goo Han - Training for independent directors of listed companies
2023.07.05 Samil Academy Co., Ltd. Min-goo Han - Topics in focus : ESG
2023.05.18 Korea Listed Companies Association Min-goo Han - Key management diagnosis and decision-making for executives, including independent directors
2022.04.06 Korea Listed Companies Association Min-goo 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
  • 2024
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    일시, 의안, 내용, 사외이사 참석인원 등의 내용을 포함한 표.
    Date Agenda Type Description Attendents (Independent Directors)
    2024.02.28 Report Items 1. Health & safety plan All four directors attended,
    One out of one auditor attended
    Discussion Items 1. Approval of the 2023 (40th) financial statements, consolidated financial statements and statement of retained earnings (including proposed dividend of KRW 110 per share)
    2. Digitalization of voting and Power of Attorney at the 40th Shareholders General Meeting
    2024.03.13 Report Items 1. The operational status of the internal accounting control system All four directors attended,
    One out of one auditor attended
    2. The evaluation of the internal accounting control system
    3. Audit report
    4. Auditor's opinion on internal monitoring system
    5. ESG progress (Governance report, etc.)
    Discussion Items 1. Convocation of the 40th Shareholders General Meeting
    2024.03.21 Discussion Items 1. Approval of the revision of 2023 (40th) financial statements, consolidated financial statements and statement of retained earnings All four directors attended,
    One out of one auditor attended
    2024.03.29 Report Items 1. Audit report All four directors attended,
    One out of one auditor attended
    2. The operational status of the internal accounting control system
    3. Sales report
    Discussion Items 1. Approval of the 40th financial statements, consolidated financial statements and statement of retained earnings (including proposed dividend of KRW 110 per share)
    2. Appointment of director
    3. Approval of the director remuneration limits
    4. Approval of the auditor remuneration limits
    2024.03.29 Discussion Items 1. Appointment of CEO All four directors attended,
    One out of one auditor attended
    2. Establishment of branch offices (sales offices)
    3. Approval of 2024 Environmental Management action plan
  • 2023
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    일시, 의안, 내용, 사외이사 참석인원 등의 내용을 포함한 표.
    Date Agenda Type Description Attendents (Independent Directors)
    2023.03.13 Report Items 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.)
    Discussion Items 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 Discussion Items 1. Appointment of CEO All four directors attended,
    One out of one auditor attended
    2023.04.10 Discussion Items 1. Establishment of branch offices Three out of four directors attended,
    One out of one auditor attended
    2023.05.30 Discussion Items 1. Capital transfer of HCM VINA All four directors attended,
    One out of one auditor attended
    2023.07.05 Discussion Items 1. Establishment of branch offices (Yeon-geum, Namgi) Three out of four directors attended,
    One out of one auditor attended
    2023.07.12 Discussion Items 1. Approval of merger agreement All four directors attended,
    One out of one auditor attended
    2. Convocation of the Extraordinary General Meeting
    2023.07.25 Discussion Items 1. Addition of purpose for the Extraordinary General Meeting All four directors attended,
    One out of one auditor attended
    2023.09.12 Discussion Items 1. Changes to merger schedule Three out of 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 Type Description Attendents (Independent Directors)
    2022.03.15 Report Items 1. The operational status of the internal accounting control system All four directors attended,
    One out of one auditor attended
    2. The evaluation of the internal accounting control system
    3. Audit report
    4. Auditor's opinion on internal monitoring system
    5. Health & safety plan
    Discussion Items 1. Dividend approval for 2021
    2. Digitalization of voting and Power of Attorney at the 38th Shareholders General Meeting
    3. Convocation of the 38th Shareholders General Meeting
    2022.03.30 Report Items 1. Resignation and appointment of manager All four directors attended,
    One out of one auditor attended
    2022.12.19 Report Items 1. Materiality of 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)
    Discussion Items 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 Type Description Attendents (Independent Directors)
    2021.02.26 Report Items 1. The operational status of the internal accounting control system All four directors attended
    One out of one auditor attended
    2. The evaluation of the internal accounting control system
    3. Audit report
    4. Auditor's opinion on internal monitoring system
    Discussion Items 1. Approval of the 2021 financial statements, consolidated financial statements and statement of retained earnings (including proposed dividend of KRW 180 per share)
    2. Signing contract for foreign exchange derivatives with Kyongnam Bank Yeouido Branch
    3. Establishment of limits for foreign currency payment guarantees
    4. Approval of additional limit of loans to Korea Composites Inc.
    5. Digitalization of voting and Power of Attorney
    6. Establishment of additional limits for investment in Vietnam
    2021.03.12 Report Items 1. Audit report All four directors attended,
    One out of one auditor attended"
    2. The operational status of the internal accounting control system
    3. Sales report
    Discussion Items 1. Approval of the 37th financial statements, consolidated financial statements and statement of retained earnings (including proposed dividend of KRW 180 per share)
    2. Appointment of inside director - reappointment of Myung-hwa Lee
    3. Amendment of articles of association
    4. Approval of director remuneration limits (previous year: KRW 2.5 billion, current year: KRW 5 billion)
    5. Approval of auditor remuneration limits (previous year: KRW 0.1 billion, current year: KRW 0.1 billion)
    6. Amendment of executive severance payment regulations
    7. Amendment of board regulations
    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 2024 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.
Type Voting Rights 2021 2022 2023
Common Stock 1 vote 43,960,787 43,960,787 51,908,452
Preferred Stock - - - -
Total - 43,960,787 43,960,787 51,908,452
Dividend Status (Unit: KRW)
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배당금 현황의 구분, 2018, 2019, 2020, 2021, 2022 등의 내용을 포함한 표.
Type 2019 2020 2021 2022 2023
Total Dividends 4,922,659,800 7,743,989,700 6,453,316,900 5,592,881,450 5,413,952,060
Cash Dividend
Payout Ratio		 27.81 1.34 44.98 37.5 -286.17
Cash Dividend Per Share (Common Stock) 120 180 150 130 110
Cash Dividend Yield (Common Stock) 1.53 1.34 1.4 1.22 1.0
Consolidated Financial Statements(Unit: KRW)
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연결요약 재무제표의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Type 2021 2022 2023
Total Assets 498,355,905,299 585,333,635,410 792,428,141,673
Total Liabilities 109,356,563,548 181,165,801,047 337,774,036,158
Total Stockholders' Equity 388,999,341,751 404,167,834,363 454,654,105,515
Revenue 367,827,134,273 369,270,866,021 594,417,384,371
Operating Income 32,732,355,547 24,798,059,067 16,465,724,514
Net Income 14,348,609,838 20,260,871,261 -13,446,299,175
Consolidated Audited Financial Statements
Separate Financial Statements(Unit: KRW)
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별도요약 재무제표의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Type 2021 2022 2023
Total Assets 492,538,101,468 573,791,493,744 784,322,423,159
Total Liabilities 88,046,531,844 172,708,851,335 318,467,943,896
Total Stockholders' Equity 404,491,569,624 401,082,642,409 465,854,479,263
Revenue 361,307,876,006 340,208,178,907 573,012,463,336
Operating Income 32,050,460,516 28,719,054,126 25,122,130,690
Net Income 14,912,477,320 2,174,393,614 -1,891,878,234
Audit Report
Credit Ratings
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신용등급의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Agency 2020 2021 2022 2023
Korea Enterprise Data A+ A A A
Nice D&B A+ A+ A+ A+
Association Expenditures (Unit: KRW thousand)
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협회 지출액의 구분, 2020, 2021, 2022 등의 내용을 포함한 표.
Association 2023
Korea Listed Companies Association 10,240
Federation of Middle Market Enterprises of Korea 100,000
Korea Crime Prevention Foundation 1,000
Korea Drone Industry Promotion Association 20,000
KADIS 2,000
KDIA 300
Korea Carbon and Nano Industry Association 5,000
The Korean Society of Propulsion Engineers 7,000
Carbon and Hydrogen Research Association 3,000
Korea Aerospace Industries Association 6,000
The Society for Aerospace System Engineering 2,000
The Korean Society for Composite Materials 10,000

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