Board of Directors
Korea Circuit operates a board-centered responsible management system to protect the rights and interests of all stakeholders, including shareholders, and to create sustainable corporate value, by establishing a transparent and independent governance framework. The Board of Directors is the company’s highest decision-making body, responsible for reviewing and deciding on major strategies and policies in accordance with laws and articles of incorporation, as well as overseeing the management’s execution of duties.
Board Composition
As of December 31, 2025, Korea Circuit's Board of Directors consists of a total of four members: three internal directors, including the CEO, and one external director. The Board is composed of directors who decide on matters stipulated by laws or articles of incorporation, delegated issues from the general meeting of shareholders, and other major company policies and business executions.
Category | Name | Gender | Position | Responsibility | Transaction with the Company | Term |
|---|---|---|---|---|---|---|
Internal Directors | Chang Se Joon | Male | CEO / Vice Chairman | Overall Management | None | 2024.03 ~ 2026.03 (2 years, 2 terms) |
Yoo Wan Joon | Male | President | Head of HDI Division | None | 2025.03 ~ 2027.03 (2 years, 1 term) | |
Yoon Young Sun | Male | President | Head of PKG Division | None | 2025.03 ~ 2027.03 (2 years, 1 term) | |
External Directors | Choi Chang Won | Male | - | - | None | 2025.03 ~ 2026.03 (1 year, 1 term) |
Board Operation
The board holds regular quarterly meetings, and convenes special meetings as needed to ensure strategic and agile decision-making.
Category | Unit | 2023 | 2024 | 2025 |
|---|---|---|---|---|
Board Meeting | Time | 6 | 11 | 16 |
Board Attendance Rate | % | 100 | 96 | 91 |
Report | Case | 2 | 2 | 6 |
Decision Item | Case | 9 | 19 | 22 |
Approval Rate | % | 100 | 100 | 100 |
Board Independence and Expertise
Korea Circuit carefully considers candidates' ethics, independence, expertise, industry understanding, and job performance capabilities when selecting board members. This selection process is conducted through shareholder meeting resolutions, based on legal and constitutional procedures, to ensure that the board functions as an independent and professional decision-making body for the company's sustainable growth and shareholder value enhancement. To increase transparency and protect shareholder voting rights, Korea Circuit introduced electronic voting at annual general meetings starting in 2020. This enables shareholders who cannot attend meetings in person to participate in decision-making processes, thereby expanding their opportunities for involvement in management. Additionally, the company shares information on major business conditions, growth, and profitability with employees quarterly, enhancing their understanding of management direction. In the future, Korea Circuit plans to further strengthen the board's expertise and diversity by continuously improving systems and operations to include individuals with diverse backgrounds, such as gender, age, and industry experience.
Support and Expertise for External Directors
Although Korea Circuit does not operate a separate external director nomination committee, it conducts a comprehensive review of candidates' expertise, independence, and job performance capabilities through a board-centered recommendation process to appoint external directors. A support system is in place to enable appointed external directors to make independent and professional decisions based on their understanding of board activities and management issues. Long-serving employees with a deep understanding of the company’s business and internal operations assist external directors in their duties. Additionally, related training and information are provided as needed to enhance the expertise of external directors and support their effective participation in the board.
Subcommittee
Current Status of Board Subcommittees
Korea Circuit currently does not have separate committees such as an Audit Committee, External Director Nomination Committee, Compensation Committee, or ESG Committee. However, the company plans to establish mandatory committees as required by relevant laws. To systematically promote ESG management and risk management, an ESG organization has been formed under the internal management office. Major ESG issues are directly reported and resolved by the board as needed.
Audit System
Korea Circuit has not established a separate Audit Committee. Instead, an appointed full-time auditor, selected based on the resolution of the general shareholders' meeting, performs audit tasks. The auditor attends board meetings to express opinions, requests special general meetings, and can demand business reports from the company and subsidiaries to investigate the company's operations and financial status. The company ensures the auditor’s access to management information within its articles of association and operates an audit support organization to assist the full-time auditor’s duties.