Policy on Related Party Transactions

1. Disclosure of Transactions with Specially Related Parties Such As Affiliates

Concerning transactions with specially related parties such as affiliates, the Company shall seek approval from the Board of Directors and disclose the foregoing, in accordance with the Securities Exchange Act and the Articles of Incorporation, in an effort to enhance its corporate transparency.

Relevant Regulations (Article 40 of Articles of Incorporation)

  • The Company shall obtain approval at a Board meeting for the following:
    1. Where the Company wants to enter into large-scale transactions with specially related parties or for specially related parties as provided in Article 11-2 of Fair Trade Act

      * In the case of capital, securities and real estate transactions, etc worth more than KRW 10 billion, the Company shall be approved at a Board meeting and disclose the foregoing.

Public Disclosure