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Governance

Maintaining trust through transparent
decision-making structures and accountable management.

Board of Directors

We establish a transparent and trusted decision-making system
through the independent and professional operation of the Board of Directors.

Board of Directors Composition

Inside Director

Name Position Senior Term of Office History
Kyungku Jung CEO and Chairman of the Board of Directors 2025.03 2027.03
  • Current CEO and President of IPARK Hyundai Development Company
  • CEO of HDC
  • IPARK Hyundai Development Company Executive Vice President
Minseok Kang Inside Director 2026.03 2028.03
  • Current Head of the Architecture Division for IPARK Hyundai Development Company
  • Head of Corporate Culture Innovation for IPARK Hyundai Development Company

Independent Director

Name Position Senior Term of Office History
Dongsoo Kim Director 2026.03 2027.03
  • Professor Emeritus, Korea University
  • Current Director of the Future Growth Research Institute, Korea University
  • Chairperson of the 16th Fair Trade Commission
  • President of the Korea Development Bank
Jinoh Kim Director 2024.03 2028.03
  • Current Attorney at Dongin Law Group
  • Presiding Judge of the Changwon District Court
  • Supreme Court Research Judge
Jinhee Choi Director 2026.03 2029.03
  • Current Professor of Marketing at Korea University Business School
  • PhD in Business Administration, University of Chicago
  • Master’s Degree in Social Psychology, Seoul National University
  • Bachelor's Degree in Psychology, Seoul National University

Committee Within the Board of Directors

Committee Key Responsibilities Member
Audit Committee
  • Oversight of Board and executive management
  • Approval of the selection of an external auditor
  • Other matters related to audit duties as set forth in the Articles of Incorporation or internal regulations
 Dongsoo Kim (Independent Director, Chair)
Jinhee Choi (Independent Director)
Jinoh Kim (Independent Director)
Independent Director candidate nomination committee
  • Establishment, review, and security of principles for appointing Independent Directors
  • Recommendation of Independent Director candidates for appointment by the shareholders’ meeting
  • Ongoing management of the Independent Director candidate pool and candidate verification
 Jinhee Choi (Independent Director, Chair)
Dongsoo Kim (Independent Director)
Compensation Committee
  • Matters concerning the determination of compensation for corporate management and the methods of payment
  • Matters concerning the design and operation of compensation systems for corporate executives and the assessment of the appropriateness of such design and operation
  • Matters related to decision-making procedures for the compensation policies
  • Other matters related to compensation systems
 Jinoh Kim (Independent Director, Chair)
Dongsoo Kim (Independent Director)
Occupational Safety and Health Committee
  • Safety and health assurance measures, quality management oversight, and evaluation
  • Reporting to the Board of Directors on safety inspections, quality management, compliance with related legal obligations, construction accidents, and the status of disaster occurrences
  • Reporting matters concerning affiliated contractors and their personnel to the Board of Directors
  • Reporting to the Board of Directors on matters deliberated and resolved by the occupational safety and health committee or the labor-management consultative body, and on their implementation
  • Other matters deemed necessary to improve occupational safety and health and quality management
 Minseok Kang (Inside Director, Chair)
Kyungku Jung (Inside Director)

Board of Directors Activities

Session Date Agenda Results
Session 5 2026.05.26 Approval of Real Estate acquisition of Affiliate Resolution
Session 4 2026.04.24 Approval of Revision of the Establishment of the Corporate Governance Charter Resolution
Report on Revision of regulations of Health and Safety Commission Report
Report on Appointment of Committee Chairmen Report
Report on safety, health, and quality activities in the first quarter of 2026 Report
Session 3 2026.03.26 Revision of regulations Resolution
Appointment of Committee Members Resolution
Session 2 2026.02.25 Approval of 2025 Statement of Appropriation of Retained Earnings Resolution
Convocation of the 8th Annual General Meeting Resolution
Approval of Treasury Stock Report Resolution
Approval of Establishment of Subsidiaries Resolution
Approval of Environmental Management Plans for year 2026 Resolution
Approval of Plans of Greenhouse Gas Energy Target Management System for year 2026 Resolution
Evaluation of Internal Accounting Management System Report
Session 1 2026.02.04 Approval of 2025 Financial Statement Resolution
Approval of safety, health, and quality activity plans in 2026 Resolution
Report on Internal Accounting Management System Report
Report on CP Report
Report on safety, health and quality activities in 2025 Report
Report on the evaluation results of the board of directors Report

Committee Activities

Session Date Agenda Results
Session 5 2026.05.26 Approval of Real Estate acquisition of Affiliate Resolution
Approval of external auditor’s Non-audit service contract Resolution
Session 4 2026.04.24 Report on Financial Statement, 1st quarter of 2026 Report
Report on the Result of Internal audit in the 1st quarter of 2026 Report
Session 3 2026.03.26 Appointment of Audit Committee Chairman Resolution
Session 2 2026.02.25 Approval of Audit report for fiscal year 2025 Resolution
Approval of Evaluation of Internal Accounting Management System Resolution
Approval of 2026 Internal Audit Plan Resolution
Session 1 2026.02.04 Report on 2024 Financial Statement Report
Report on the Result of Internal audit in the 4th quarter of 2024 Report
Report on Internal Accounting Management System Report

Shareholder-Friendly Management

We achieve sustainable corporate value
through fair and transparent information disclosure and the protection of shareholder rights.

Shareholder Status and Dividends

Stocks

Stock Issuance Details (Par Value per Share: KRW 5,000)

(Unit: Shares, KRW)

Types of Shares Total Shares Outstanding Total Par Value Remarks
Common Stock 65,907,330 329,536,650,000 -
Preferred Stock - - -
Total 65,907,330 329,536,650,000 -

Adoption of the Cumulative Voting System and the Written Voting System

Category Date of Adoption Remarks
Cumulative Voting System May 31, 2026
(Articles of Incorporation Amended: March 26, 2026)		 -
Written Voting System - Not Implemented

Matters Related to Dividends

Cash

(Unit: Shares, KRW one million, based on separate financial statements)

Category 2021 2022 2023 2024 2025
Net Income 240,12136,588172,006158,778164,783
Earnings per Share (KRW) 3,6445552,6622,4742,580
Total Cash Dividend Amount 39,53939,53944,91944,91943,939
Total Stock Dividend Amount -----
Cash Dividend Payout Ratio (%) 16.5108.126.128.326.8
Cash Dividend Yield (%) Common Stock 2.6 5.8 4.8 3.7 2.9
Dividend per Share (KRW) Common Stock 600 600 700 700 700

Mid- to Long-Term Dividend Policy (2024–2026)

(Unit: shares, KRW one million, based on separate financial statements)

Category 2024 2025 2026
Shareholder Return Scale Cash Dividend of At Least 20% of Separate Net Income
Performance Results Net Income 158,778 164,783 -
Total Cash Dividend Amount 44,919 43,939 -
Cash Dividend Payout Ratio 28.3% 26.8% -
Goal Achievement Rate 141.5% 134% -
Dividend Payment (Scheduled) Date 2025.04.24 2026.04.23 -

Shareholders’ Meeting

Date
Thursday, March 26, 2026, 9:30 AM
Location
IPARK Mall Yongsan I.E.D. Center
Number of Shares Represented
45,355,768 shares (Attendance rate excluding the largest shareholder and related parties: 27.2%)
Agenda Items Approval Rate Voting Result
Agenda Item No. 1 8th Term Financial Statements (Including the Statement of Appropriation of Retained Earnings) and Consolidated Financial Statements Approval (Proposal) 99.5% Approved
Agenda Item No. 2 Amendment to the Articles of Incorporation
Agenda Item No. 2-1 Change of Company Name 100.00% Approved
Agenda Item No. 2-2 Deletion of the Concentrated Investment Exclusion Clause 100.00% Approved
Agenda Item No. 2-3 Reflecting Amendments to the Commercial Act and Reorganizing Provisions 100.00% Approved
Agenda Item No. 3 Director Appointment (Proposal) 99.6% Approved
Agenda Item No. 4 Director Compensation Cap Approval (Proposal)
Agenda Item No. 4-1 Dongsoo Kim, Audit Committee Member and Independent Director 83.9% Approved
Agenda Item No. 4-2 Jinhee Choi, Audit Committee Member and Independent Director 98.8% Approved
Agenda Item No. 5 Director Compensation Cap Approval (Proposal) 99.98% Approved

Integrity Management

We build a fair and ethical corporate culture based on ethical
management principles and a systematic compliance system.

Goals

We establish a prevention-centered compliance management system
with appropriate standards to uphold ethical management.

Compliance System

We have established a company-wide compliance system to prevent violations in advance, identify and address potential risks early, and continuously monitor adherence to key regulations and procedures through our internal audit framework.

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컴플라이언스 시스템 다이어그램 — 중앙의 컴플라이언스 시스템을 중심으로 전담조직, 내부규정, 교육·홍보(자문·상담), 모니터링(점검/제보), 사후조치(상벌, F/B) 5개 영역이 원형으로 연결됨