Son Dong-hwan Recommended as Independent Director for KT&G by KDB
According to a report by Daily Economy, Korea Industrial Bank has recommended Professor Son Dong-hwan to serve as an independent director at KT&G to its shareholders. At the same time, the bank is the largest shareholder of KT&G.
According to reports, Professor Sun Donghuan was formerly a senior judge at the Seoul Central District Court in South Korea. He left the court in 2021 and took on a new role as a professor of fair trade law at Sungkyunkwan University.
According to reports, the board of directors of KT&G consists of 8 members, with two internal directors set to resign and the remaining 6 being independent directors. An industry bank holds 6.93% of KT&G's shares, making it the largest shareholder. Additionally, small shareholders hold a 60.36% stake. However, recently, the police are investigating suspicions of external directors of KT&G engaging in excessive overseas business trips, so there is a high likelihood that Professor Sun Dong-hwan will be appointed.
The board of directors of KT&G is composed of 8 members, including two internal directors (KT&G President Baek Bok-in and KT&G Senior Vice President Bang Kyung-man) and 6 external directors. Among them, the terms of office of board members and former SK Materials CEO Lim Min-kyu and lawyer Baek Jong-shu will expire next month. The Industrial Bank of Korea is KT&G's largest shareholder, holding 6.93% of KT&G's shares (as of June of last year). In addition, the Korea National Pension Corporation holds 6.31% of shares. Minority shareholders hold 60.36% of the shares.
Disclaimer:
This article is translated from an original Chinese article available on 2firsts.cn by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.
