Compensation Committee

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under the principle of transparent and responsible management

Overview

General description

The Compensation Committee was established to ensure the objectivity and transparency of decisions related to Director compensation.

The Committee is responsible for assessing the appropriateness of Director compensation, and reviews and approves the ceiling on Director compensation to be submitted for resolution at a general meeting of shareholders.

Composition

In accordance with relevant laws and regulations, the Compensation Committee shall consist of three Independent Directors who are appointed by resolution at a meeting of the Board of Directors. The Committee currently consists of three Independent Directors.

List of Committees
Compensation Committee
Han-Jo Kim	Jun-Sung Kim	Je-Yoon Shin

Operation

Convention & resolution

The Compensation Committee is only called upon when there are agenda items regarding compensation limits or schemes for Directors to be submitted at a general meeting of shareholders. The Committee shall hold a regular meeting at least once a year. The Head of the Committee shall call meetings and notify the members and other participants of the meeting time and place at least 24 hours in advance.

The presence of a majority of all Committee members shall constitute a quorum and resolutions shall be adopted by a majority of the votes of members attending the meeting; provided that the Committee meeting may take place via electronic means, such as by conference call, within the scope provided by relevant laws.

Activities

Committee Activities in 2023
Date	Agenda	Attendance
January 27	Appointment of the head of the Compensation Committee	3/3 present
	Review on 2023 fixed annual salary for each Executive Director
	Review on 2023 remuneration limit for Directors

Committee Activities in 2022
Date	Agenda	Attendance
February 11	Review on 2022 fixed annual salary for each Executive Director	3/3 present
February 11	Review on 2022 remuneration limit for Directors	3/3 present

Committee Activities in 2021
Date	Agenda	Attendance
December 22	Appointment of head of the Committee	3/3 present
December 22	Review on special bonus for Executive Directors in 2021	3/3 present
February 10	Review of fixed annual income for each executive Directors in 2021	3/3 present
February 10	Review on 2021 remuneration limit for Directors	3/3 present

Committee Activities in 2020
Date	Agenda	Attendance
February 20	Appointment of head of the Committee	3/3 present
	Review of fixed annual income for Independent Directors in 2020
	Review on 2019 remuneration limit for Directors

Committee Activities in 2019
Date	Agenda	Attendance
February 25	Review on 2019 remuneration limit for Directors	3/3 present

Committee Activities in 2018
Date	Agenda	Attendance
February 21	Prior review on 2018 remuneration ceiling for Directors	3/3 present

Committee Activities in 2017
Date	Agenda	Attendance
February 22	Appointment of the Head of Compensation Committee	3/3 present
February 22	Prior review on 2017 remuneration ceiling for Directors	3/3 present

Committee Activities in 2016
Date	Agenda	Attendance
February 5	Prior review on 2016 remuneration ceiling for Directors	3/3 present

Committee Activities in 2015
Date	Agenda	Attendance
February 11	Preliminary review on remuneration limit for Directors	3/3 present

Committee Activities in 2014
Date	Agenda	Attendance
February 18	Prior review on 2014 remuneration ceiling for Directors	2/3 present
February 13	Appointment of the Head of Compensation Committee	3/3 present

Committee Activities in 2013
Date	Agenda	Attendance
February 14	Prior review on remuneration ceiling for Directors	2/3 present

Committee Activities in 2012
Date	Agenda	Attendance
April 27	Appointment of the Head of Compensation Committee	3/3 present
February 16	Prior review on the remuneration ceiling for the directors in 2012	3/3 present