Corporate Governance
Corporate Governance
Proposal
Procedure
In accordance with Article 542-6 of the Commercial Act, shareholders who have continuously held shares equivalent to 0.5% or more of the total number of issued shares, excluding non-voting shares, for the past six months may propose matters such as the election of directors as agenda items for the general meeting of shareholders by writing or electronic document no later than six weeks prior to the date of the general meeting of shareholders of the preceding year.
Except in cases where the content of the shareholder's proposal violates laws or the Articles of Incorporation or falls under the grounds for rejection of shareholder's proposals stipulated in Article 12 of the Enforcement Decree of the Commercial Act, the Board of Directors shall state the agenda as the purpose of the general meeting of shareholders and include it in the notice of the general meeting of shareholders
When there is a request from a shareholder proposer, the main contents of the relevant agenda are also included in the convocation notice for the meeting, and an opportunity to explain the agenda is provided at the general meeting of shareholders.
Rights
Exercised at
the 25th general
meeting of
shareholders
Date: Mar.20, 2025 (Thu)
Place: Happiness Hall, Oceanplaza, 3370 Geoje-daero, Geoje-si Gyeongsangnam-do Province
| No. | Resolution Classification |
Agenda Item | Results | Approval Rating |
|---|---|---|---|---|
| Agenda No.1 | Ordinary | Financial Statements and Consolidated Financial Statements for the 25th Fiscal Period | Passed | 98.67% |
| Agenda No.2-1 | Extraordinary | Implementation of Equal Dividend Standard | Passed | 99.62% |
| Agenda No.2-2 | Extraordinary | Implementation of the Electronic Securities System | Passed | 99.62% |
| Agenda No.2-3 | Extraordinary | Improvement of Dividend Procedures | Passed | 99.62% |
| Agenda No.2-4 | Ordinary | Amendment of addenda | Passed | 90.47% |
| Agenda No.3-1 | Ordinary | Appointment of Inside Director KIM Jong-seo | Passed | 94.84% |
| Agenda No.3-2 | Ordinary | Appointment of Inside Director Philippe Levy | Passed | 96.96% |
| Agenda No.3-3 | Ordinary | Appointment of non-executive director KIM Dong-kwan | Passed | 95.18% |
| Agenda No.3-4 | Ordinary | Appointment of outside director HYUN Nak-hee | Passed | 99.56% |
| Agenda No.3-5 | Ordinary | Appointment of outside director George P. Bush | Passed | 99.56% |
| Agenda No.3-6 | Ordinary | Appointment of outside director CHOI Hoon | Passed | 99.61% |
| Agenda No.3-7 | Ordinary | Appointment of outside director AHN Wangi | Passed | 98.08% |
| Agenda No.4 | Ordinary | Appointment of outside director KIM Bong-hwan who will serve as a member of the Audit Committee | Passed | 97.87% |
| Agenda No.5-1 | Ordinary | Appointment of HYUN Nak-hee as member of the Audit Committee | Passed | 98.44% |
| Agenda No.5-2 | Ordinary | Appointment of AHN Wangi as member of the Audit Committee | Passed | 94.02% |
| Agenda No.6 | Ordinary | Remuneration limit of directors | Passed | 99.60% |
| Total number of shares issued (A) |
Number of shares with voting rights¹ (B) |
Number of shares which voting rights are exercised (C)=(D)+(E) |
Number of shares held brby the largest Shareholder² (D) |
Number of shares held by Shareholders other than the largest shareholder (E) |
Ratio of shares which voting rights are exercised (F)=(C)/(B) |
Ratio of shares which voting rights are exercised excluding the largest shareholder³ (G)=(E)/(B) |
|---|---|---|---|---|---|---|
| 306,413,394 | 306,397,187 | 244,985,918 | 70,901,820 | 174,084,098 | 79.96% | 56.82% |
- ¹ Number of shares with voting rights for Agenda No.4, 5-1, 5-2: 139,902,672
- ² The largest shareholder: Hanwha Aerospace Co.,Ltd.
- ³ Ratio of shares which voting rights are exercised excluding the largest shareholder: Number of shares held by Shareholders other than the largest shareholder/Number of shares with voting rights
Rights
Exercised at
the 25th
extraordinary
general
meeting of
shareholders
Date: Oct.18, 2024 (Fri)
Place: International Meeting Room, Korea Federational of Banks Building, 19 Myeongdong 11-gil, Jung-gu, Seoul
| No. | Resolution Classification |
Agenda Item | Results | Approval Rating |
|---|---|---|---|---|
| Agenda No.1 | Ordinary | Appointment of Inside Director KIM Hee-chul | Passed | 99.47% |
| Total number of shares issued (A) |
Number of shares with voting rights¹ (B) |
Number of shares which voting rights are exercised (C)=(D)+(E) |
Number of shares held brby the largest Shareholder² (D) |
Number of shares held by Shareholders other than the largest shareholder (E) |
Ratio of shares which voting rights are exercised (F)=(C)/(B) |
Ratio of shares which voting rights are exercised excluding the largest shareholder³ (G)=(E)/(B) |
|---|---|---|---|---|---|---|
| 306,413,394 | 306,397,187 | 257,763,812 | 70,901,820 | 186,861,992 | 84.13% | 60.99% |
- ¹ The largest shareholder: Hanwha Aerospace Co.,Ltd.
- ² Ratio of shares which voting rights are exercised excluding the largest shareholder: Number of shares held by Shareholders other than the largest shareholder/Number of shares with voting rights
Rights
Exercised at
the 24th general
meeting of
shareholders
Date: Mar.21, 2024 (Thu)
Place: Happiness Hall, Oceanplaza, 3370 Geoje-daero, Geoje-si Gyeongsangnam-do Province
| No. | Resolution Classification |
Agenda Item | Results | Approval Rating |
|---|---|---|---|---|
| Agenda No.1 | Ordinary | Financial Statements and Consolidated Financial Statements for the 24th Fiscal Period | Passed | 99.08% |
| Agenda No.2 | Ordinary | Appointment of Inside Director RYOO Du-hyoung | Passed | 99.36% |
| Agenda No.3 | Extraordinary | Amendment to the Articles of Incorporation | Passed | 99.59% |
| Agenda No.4 | Ordinary | Remuneration limit of directors | Passed | 99.14% |
| Total number of shares issued (A) |
Number of shares with voting rights¹ (B) |
Number of shares which voting rights are exercised (C)=(D)+(E) |
Number of shares held brby the largest Shareholder² (D) |
Number of shares held by Shareholders other than the largest shareholder (E) |
Ratio of shares which voting rights are exercised (F)=(C)/(B) |
Ratio of shares which voting rights are exercised excluding the largest shareholder³ (G)=(E)/(B) |
|---|---|---|---|---|---|---|
| 306,358,899 | 306,342,692 | 261,472,357 | 70,901,820 | 190,570,537 | 85.35% | 62.21% |
- ¹ The largest shareholder: Hanwha Aerospace Co.,Ltd.
- ² Ratio of shares which voting rights are exercised excluding the largest shareholder: Number of shares held by Shareholders other than the largest shareholder/Number of shares with voting rights
Rights
Exercised at
the 24th
extraordinary
general
meeting of
shareholders
Date: May.23, 2023 (Tue)
Place: Happiness Hall, Oceanplaza, 3370 Geoje-daero, Geoje-si Gyeongsangnam-do Province
| No. | Resolution Classification |
Agenda Item | Results | Approval Rating |
|---|---|---|---|---|
| Agenda No.1 | Extraordinary | Amendment to the Articles of Incorporation | Passed | 87.58% |
| Agenda No.2-1 | Ordinary | Appointment of Inside Director KWON Hyek-woong | Passed | 98.73% |
| Agenda No.2-2 | Ordinary | Appointment of Inside Director KIM Jong-seo | Passed | 98.76% |
| Agenda No.2-3 | Ordinary | Appointment of Inside Director JUNG In-sub | Passed | 98.76% |
| Agenda No.2-4 | Ordinary | Appointment of non-executive director KIM Dong-kwan | Passed | 98.54% |
| Agenda No.2-5 | Ordinary | Appointment of outside director RHEE Shin-hyung | Passed | 90.78% |
| Agenda No.2-6 | Ordinary | Appointment of outside director HYUN Nak-hee | Passed | 98.81% |
| Agenda No.2-7 | Ordinary | Appointment of outside director George P. Bush | Passed | 98.81% |
| Agenda No.2-8 | Ordinary | Appointment of outside director KIM Jae-ik | Passed | 90.45% |
| Agenda No.3 | Ordinary | Appointment of outside director KIM Bong-hwan who will serve as a member of the Audit Committee | Passed | 99.98% |
| Agenda No.4-1 | Ordinary | Appointment of RHEE Shin-hyung as member of the Audit Committee | Passed | 80.36% |
| Agenda No.4-2 | Ordinary | Appointment of HYUN Nak-hee as member of the Audit Committee | Passed | 99.98% |
| Agenda No.5 | Ordinary | Remuneration limit of directors | Passed | 89.15% |
| Agenda No.6 | Ordinary | Revision of Executive retirement allowance payment regulations | Passed | 90.84% |
| Total number of shares issued (A) |
Number of shares with voting rights¹ (B) |
Number of shares which voting rights are exercised (C)=(D)+(E) |
Number of shares held brby the largest Shareholder² (D) |
Number of shares held by Shareholders other than the largest shareholder (E) |
Ratio of shares which voting rights are exercised (F)=(C)/(B) |
Ratio of shares which voting rights are exercised excluding the largest shareholder³ (G)=(E)/(B) |
|---|---|---|---|---|---|---|
| 107,290,669 | 107,274,462 | 84,264,565 | 59,738,211 | 24,526,354 | 78.55% | 22.86% |
- ¹ Number of shares with voting rights for Agenda No.3, 4-1, 4-2: 41,901,149
- ² The largest shareholder: Korea Development Bank
- ³ Ratio of shares which voting rights are exercised excluding the largest shareholder: Number of shares held by Shareholders other than the largest shareholder/Number of shares with voting rights
Policy
We strive to maximize long-term shareholder value through reinvestment in our core businesses rather than short-term dividends. The establishment of a long-term shareholder return policy will be reviewed as soon as external factors such as the recovery of the shipbuilding market are confirmed.
- There is no dividend history for the past five years.
| Classification | 2020 | 2021 | 2022 | 2023 | 2024 | Remark |
|---|---|---|---|---|---|---|
| Total dividend amount |
- | - | - | - | - | - |
| Dividend per share |
- | - | - | - | - | - |
| Dividend payout ratio |
- | - | - | - | - | - |
| Dividend yield |
- | - | - | - | - | - |