The following matters require the BOD’s approval:
- Convening of a GMOS and matters pertaining to the agenda/reports to be submitted/made to it
- Issuance of new shares
- Capitalization of surplus reserve
- Retirement of shares
- Election/Dismissal of the Representative Director
- Election/Dismissal of executive members higher than the President; for the election/dismissal of the other executive members, the right shall be entrusted to the Representative Director
- Election/Dismissal of manager
- Launch/Operation/Abolishment of committees of the BOD
- Election/Dismissal of members of committees of the BOD
- Decision on or changes in basic guidelines of the Company’s operation
- Matters pertaining to the decision on new business
- Revision of BOD regulations
- Enactment/Revision of regulations of the committees of the BOD including the Audit Committee
- Establishment/Relocation/Closure of branches
- Matters pertaining to issuance of corporate bonds
- Acquisition or disposal of assets accounting for at least 10% of total assets
- Investment of amount equal to 10% or more of capital stock in another corporation or disposal of equity investment in another corporation amounting to 10% or more of capital stock
- Matters pertaining to selling of shares of affiliates including treasury shares
- Matters pertaining to approval as stipulated in Article 397-2 of the Commercial Act and transactions stipulated in Article 398 of said Act
- Offering stock options; withdrawal of such offering
- Transaction with the largest shareholder (including his/her related parties) as stipulated in the Commercial Act and the Monopoly Regulation and Fair Trade Act
- Amount equal to or more than 500 million won that the Company intends to donate; case of the Company’s donation that is deemed to require the BOD’s approval
- Matters stipulated in the law or the Company’s Articles of Incorporation, matters entrusted by the GMOS, or other important matters pertaining to the Company’s operation and which are deemed necessary by the Representative Director