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Creating Future Value through
Transparent Management

Governance

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Governance

SK Networks is implementing transparent management, centered around the Board of Directors, with a well-established advanced governance structure, including the establishment and operation of a Board Secretariat to support the Board’s activities. The Board is responsible for setting and evaluating the company's mid- to long-term strategies and annual business plans. It also deliberates on critical individual issues and oversees major decisions to enhance corporate value. It also Furthermore, the Board deliberates and approves investment plans, internal transactions, and other issues involving conflicts of interest and compensation, while also managing overall risks.
In addition, to protect long-term corporate value, the Board independently assesses the potential positive and negative impacts its decisions may have on stakeholders. SK Networks is dedicated to reinforcing Board-driven responsible management, aiming to create a healthier future value through transparent operations that serve the interests of our customers and investors.

Greater professional insight/diversity in BoD

SK Networks appoints directors having professional credentials for legal affairs, finance/accounting, marketing, etc. and ESG insight, offering training opportunities such as seminars, third party lectures, etc. in a bid to empower them continuously. Outside directors are also selected considering their nationality, gender and age to ensure greater diversity in board representation. Outside directors with even wider diversity and professional competences required for developing/executing mid to long-term strategy of the company will continue to be identified way forward.

The table provides information for board expertise, diversity expansion and consists of plans from 2023, 2024 to 2026, and 2027.
Year ~ 2023 2024 ~ 2026 2027 ~
Diversity One person¹⁾ More than one person More than two people
Professionalism²⁾ Two people Two people More than two people

1) Appointment of a female outside director (March, 2021)
2) Environment/Social/Governance, Investment, Industry/Tech, etc.

To strengthen the board’s independence

As of March 2024, our Board is composed of seven directors, four of whom (57.1% of the total) are independent. We have appointed an independent directors as the Chairman of the Board, distinct from the CEO role, to ensure impartiality and effective governance. In addition, the chairs of all key committees under the Board, including Strategy∙ESG Committee the HR Committee, and the Audit Committee, are independent director. This structure ensures rigorous scrutiny and oversight of significant management activities, thereby fostering a healthier future value for customers and investors through transparent management. Additionally, SK Networks confirms that all independent directors maintain no special relationships with SK Networks or any related entities to preserve the Board’s independence. Independent directors are also strictly prohibited from engaging in transactions with SK Networks, either on their own behalf or for third parties, without prior approval from the Board.

Board of Directors

Regulations of the Board of Directors
Inside Director
Lee, Hojeong

CEO / President

Lee, Hojeong

  • Date of
    appointment     2023.03
  • Term 3 years
Choi, Sunghwan

Director

Choi, Sunghwan

  • Date of
    appointment     2022.03
  • Term 3 years
Non Executive Director
Lee, Sunghyung

Non Executive Director

Lee, Sunghyung

  • Date of
    appointment     2023.03
  • Term 3 years
Outside Director
Chai, Sooil

Chairman of the Board of Directors

Chai, Sooil

  • Date of
    appointment     2023.03
  • Term 3 years

Profile

  • Former) financial institution representative, Boston Consulting Group in Asia Pacific
Jeong, Seokwoo

Outside Director

Jeong, Seokwoo

  • Date of
    appointment     2022.03
  • Term 3 years

Profile

  • Professor, school of Business Administration Korea University
  • Non-Standing Commissioner, Securities and Futures
  • Committee of Financial Services Commission
  • President, Korea Accounting Association
Lee, Moonyoung

Outside Director

Lee, Moonyoung

  • Date of
    appointment     2024.03
  • Term 3 years

Profile

  • Associate Professor of Accounting, Duksung Women’s University
  • Supervisory Commissioner, Financial Services Commission
  • Financial Plan Deliberation Commissioner, Dobong-gu (District)
Chang, Hwajin

Outside Director

Chang, Hwajin

  • Date of
    appointment     2024.03
  • Term 3 years

Profile

  • President, Confluent Korea
  • President, Google Cloud Korea
  • Chief strategy officer, Microsoft Asia Pacific
  • CEO / President, IBM Korea

History of Board of Directors (Board) meetings

To strengthen ESG insight within the board of directors (BoD) and upgrade ESG performance standards, SK Networks will incrementally expand the scope of ESG agenda reporting/discussion in pursuit of both qualitative and quantitative improvement.

Goals and roadmap for expansion of ESG agenda discussion within the board of directors
The table provides information on the target of expanding ESG discussions within the board of directors and consists of categories (agenda, cycle), plans from 2022, 2023, 2025, and 2026.
2023 2024 ~ 2025 2026 ~
Agenda Reporting on the annual SK Group's ESG key performance indicators, etc. Reporting and discussion of ESG Reporting and deepening the discussion of ESG
Period third a year at least twice a year at least twice a year

  • 2024

    close
This table provides information on the activities of the board of directors in 2024 and consists of the meeting, opening date, details of the agenda, attendance status, classification, and approval.
Round Date Agenda Items Attendees Type Approval/
Rejection
1 Jan. 08 Reporting on the Audit Committee’s review findings for Q4 2023 internal directors 2
non-executive director 1
outside directors 5 		Reported -
Introduction (plan) of independent director reappointment process Reported -
Manager appointment Resolved Approved
Buyback of SK Rent-a-Car’s treasury stock Resolved Approved
2 Jan. 25 2023 evaluation for the Representative Director internal directors 2
non-executive director 1
outside directors 4 		Resolved Approved
Remuneration for the Representative Director Resolved Approved
3 Feb. 13 Reporting of 2023 business performance internal directors 2
non-executive director 1
outside directors 5 		Reported -
Reporting of the BoD evaluation (pending) Reported -
Approval of the financial statements for the 71st period (year 2023) Resolved Passed with condition
Approval of the business report for the 71st period (year 2023) Resolved Passed with condition
Disposition of treasury shares Resolved Approved
Authorization of debenture issuance limits Resolved Approved
Approval of 2024 business plan Resolved Approved
Development of 2024 CEO KPIs Resolved Approved
Retirement of treasury shares Resolved Approved
Approval of 2023 dividend payment (pending) Resolved Approved
4 Mar. 11 Reporting of 2023 internal accounting control system operation status internal directors 2
non-executive director 1
outside directors 5 		Reported -
Reporting of 2023 internal accounting control system operation status evaluation Reported -
Reporting of the BoD evaluation results Reported -
Approval of changes to the business report for the 71st period (year 2023) Resolved Approved
Convocation of the regular shareholders’ meeting for the 71st period (year 2023) Resolved Approved
5 Mar. 27 Appointment of the BoD Chairman internal directors 2
outside directors 3 		Resolved Approved
Organization of the Committees Resolved Approved
Amendment to the BoD Regulations Resolved Approved
Amendment to the ESG Management Committee Regulations Resolved Approved
Amendment to the HR Committee Regulations Resolved Approved
Long-term bonus payable to the CEO in 2024 Resolved Approved
6 Apr. 22 Audit Committee’s review findings for Q1 2024 internal directors 2
non-executive director 1
outside directors 4 		Reported -
Approval of 2024 safety and health plan Resolved Approved
Delegation of loan limit Resolved Approved
Approval of introducing the PSU (Performance Stock Unit) system Resolved Approved
7 May. 13 Reporting on Q1 2024 earnings internal directors 2
non-executive director 1
outside directors 4 		Reported -
Reporting on the conclusion of an agreement for comprehensive auditing of subsidiaries Reported -
Reporting on 2024 PSU operation Reported -
Disposition of treasury stock Resolved Approved
Sale of Anseong Distribution Center Resolved Approved
8 Jun. 17 Approval of the split-off plan internal directors 2
non-executive director 1
outside directors 4 		Resolved Approved
Convocation of an extraordinary shareholders’ meeting Resolved Approved
9 Jun. 20 Report on the performance and plans for compliance support activities/ voluntary fair trade compliance program internal directors 2
non-executive director 1
outside directors 4 		Reported -
Sale of SK Rent-a-Car shares Resolved Approved
10 Jul. 9 Investment in the SBVA AI fund internal directors 2
non-executive director 1
outside directors 4 		Resolved Approved
Renaming of the ESG Management Committee and amendment to its Rules Resolved Approved
Amendment to the Corporate Governance Charter Resolved Approved
11 Aug. 12 Report on the 2024 Q2 deliberation results by the Audit Committee internal directors 2
non-executive director 1
outside directors 4 		Reported -
Report on the 2024 first-half business performance Reported -
Relocation of the head office Resolved Approved
Appointment of the general manager Resolved Approved
Payment of interim dividend Resolved Approved
12 Sep. 2 Report on the 2024 BoD evaluation improvement (draft) internal directors 2
non-executive director 1
outside directors 4 		Reported -
Report on SpeedMate split-off progress and approval of the public notice Resolved Approved
13 Oct. 16 Report on the Value Enhancement Plan internal directors 2
non-executive director 1
outside directors 4 		Reported -
Report on the Review of 2024 CEO Evaluation Tasks Reported -
Report on Partial Amendments to the 2024 PSU Operations Plan Reported -
Report on the Review of Directional Guidelines for the Board of Directors’ Roles Reported -
14 Sep. 13 Audit Committee’s review findings for Q3 2024 internal directors 2
non-executive director 1
outside directors 4 		Reported -
Reporting on Q3 2024 earnings Reported -
Reporting on the 2024 Culture Survey results Reported -
Approval of transaction with SK Innovation for 2024 Resolved Approved
Approval of transaction with SK Energy for 2024 Resolved Approved
Approval of transaction with SK Geocentric for 2024 Resolved Approved
15 Dec. 02 Report on Trading Division split-off progress and approval of the public notice internal directors 2
non-executive director 1
outside directors 4 		Resolved Approved
Disposition of treasury stock Resolved Approved
This table provides information on the activities of the board of directors in 2023 and consists of the meeting, opening date, agenda content, attendance status, classification, and approval.
Round Date Agenda Items Attendees Type Approval/
Rejection
1 Feb. 10 Reporting on the Audit Committee findings in Q4 2022 internal directors 2
non-executive director 1
outside directors 4 		Reported -
Reporting on the 2022 annual business performance Reported -
Reporting on the BoD evaluation (plan) Resolved Approved
Approval of the 2022 (70th) financial statements Resolved Approved
Approval of the 2022 (70th) business report Resolved Approved
2 Mar. 13 Reporting on 2022 operational practices of the Internal Accounting Control System internal directors 2
non-executive director 1
outside directors 5 		Reported -
Reporting on the evaluation of 2022 operational practices of the Internal Accounting Control System Reported -
Reporting on BoD evaluation results Reported -
Approval of the 2023 business plan Resolved Approved
Approval of the consignment contract with SK Inc. for Information System Management Resolved Approved
2022 evaluation and remuneration for the Representative Director Resolved Approved
Disposition of treasury stock Resolved Approved
Disposition of treasury stock Resolved Approved
Issuance of unsecured corporate bonds Resolved Approved
Approval of changes to the 2022 (70th) financial statements Resolved Approved
Approval of changes to 2022 the (70th) business report Resolved Approved
Convocation of the 2022 (70th) General Meeting of Shareholders Resolved Approved
Conclusion of trust contract for treasury stock acquisition Resolved Approved
Cancellation of treasury stock Resolved Approved
3 Mar. 29 Appointment of the Representative Director internal directors 2
outside directors 5 		Resolved Approved
Remuneration payable to the Representative Director Resolved Approved
Approval of director concurrent titles Resolved Approved
Establishment of Committees Resolved Approved
Amendment of the Corporate Governance Charter Resolved Approved
Amendment of the ESG Committee Regulations Resolved Approved
Amendment of the HR Committee Regulations Resolved Approved
Amendment of the Audit Committee Regulations Resolved Approved
4 May. 08 Reporting on the Audit Committee findings in Q1, 2023 internal directors 2
non-executive director 1
outside directors 5 		Reported -
Reporting on the 2023 Q1 annual business performance Reported -
Reporting on the results and plan for compliance support activities Reported -
Reporting on the achievements and plan for the autonomous compliance program for fair trade Reported -
Disposition of treasury stock Resolved Approved
Approval of the safety and health plan Resolved Approved
Composition of the ESG Committee Resolved Approved
Establishment of 2023 CEO KPIs Resolved Approved
5 Jul. 21 Acquisition of en-core shares internal directors 2
non-executive director 1
outside directors 5 		Resolved Approved
6 Aug. 9 Reporting on the Audit Committee findings in Q2, 2023 internal directors 2
non-executive director 1
outside directors 5 		Reported -
1st Half 2023 earnings report Reported -
Approval of amendment to the representative director’s remuneration system Resolved Approved
2023 performance-based long-term incentive for the representative director Resolved Approved
7 Aug. 18 Conclusion of all-inclusive exchange of shares agreement with SK Rent-a-car internal directors 2
non-executive director 1
outside directors 5		 Resolved Approved
Tender offer for SK Rent-a-car shares Resolved Approved
8 Sep. 20 Reporting on 2023 BoD Evaluation (Draft) executive directors 2
other non-executive director 1
independent directors 5		 Reported -
Reporting on 2023 CEO Evaluation Items Review Reported -
Termination of stock trust agreement for purchasing the treasury stock Resolved Approved
9 Nov. 08 Reporting on the Audit Committee’s review findings for Q3 2023 internal directors 2
non-executive director 1
independent directors 5		 Reported -
Q3 2023 earnings report Reported -
Approval of director concurrent titles Resolved Approved
10 Dec. 14 Reporting on the 2023 Culture Survey results internal directors 2
non-executive director 1
independent directors 5		 Reported -
Approval of transaction with SK Inc. in 2024 Resolved Approved
Approval of billing with the largest shareholder Resolved Approved
Approval of transaction with SK Pinx in 2024 Resolved Approved
Approval of transaction with SK Forest in 2024 Resolved Approved
Approval of transaction with SK E&S in 2024 Resolved Approved
Renewal of brand use contracts Resolved Approved
Approval for modification of used car (business) transfer transaction with SK Rent-a-Car in 2023 Resolved Approved
Approval of a small-scale stock exchange with SK Rent-a-Car Resolved Approved
Disposition of treasury stock Resolved Approved
Participation in SK Electlink capital increase Resolved Approved
This table provides information on the activities of the board of directors in 2022 and consists of the meeting, opening date, details of the agenda, attendance status, classification, and approval.
Round Date Agenda Items Attendees Type Approval/
Rejection
1 Feb. 10 Reporting on the Audit Committee findings in Q4, 2021 internal directors 2
outside directors 5 		Reported -
Reporting on the 2021 annual business performance Reported -
Approval of the 2021 (69th) financial statements Resolved Approved
Approval of the 2021 (69th) business report Resolved Approved
Approval of concluding the Acadia rent agreement Resolved Approved
Conclusion of mutual partnership implementation agreement and agreement on SUPEX Council operating expenses Resolved Approved
Sale of Seonhyewon properties Resolved Approved
Assessment of the Representative Director’s performance in 2021 Resolved Approved
Remuneration payable to the Representative Director Resolved Approved
Approval of the RSU (Restricted Stock Unit) system adoption Resolved Approved
2 Mar. 10 Reporting on 2021 operational practices of the Internal Accounting Control System internal directors 2
outside directors 5 		Reported -
Reporting on the evaluation of 2021 operational practices of the Internal Accounting Control System Reported -
Disposition of treasury stock Resolved Approved
Approval of the 2022 business plan Resolved Approved
Issuance of unsecured corporate bonds Resolved Approved
Convocation of the 2021 (69th) General Meeting of Shareholders Resolved Approved
3 Mar. 29 Establishment of Committees internal directors 2
non-executive director 1
outside directors 5 		Resolved Approved
Amendment of the Corporate Governance Charter Resolved Approved
Amendment of the BoD Regulations Resolved Approved
Amendment of the ESG Committee Regulations Resolved Approved
Amendment of the HR Committee Regulations Resolved Approved
Amendment of the Audit Committee Regulations Resolved Approved
4 May. 02 Reporting on the Audit Committee findings in Q1, 2022 internal directors 2
non-executive director 1
outside directors 5		 Reported -
Reporting on the 2022 Q1 annual business performance Reported -
Reporting on the results and plan for compliance support activities Reported -
Reporting on the achievements and plan for the autonomous compliance program for fair trade Reported -
Disposition of treasury stock Resolved Approved
Approval of the safety and health plan Resolved Approved
Composition of the ESG Committee Resolved Approved
Establishment of 2022 CEO KPIs Resolved Approved
5 Jul. 29 Reporting on the Audit Committee findings in Q2, 2022 internal directors 2
non-executive director 1
outside directors 5		 Reported -
1st Half 2022 earnings report Reported -
6 Aug. 23 Approval of investment in the EV charging business internal directors 2
non-executive director 1
outside directors 5		 Resolved conditonal approval
Disposal of Treasury stock Resolved Approved
7 Nov. 08 Reporting on the 2022 annual SK Group's ESG key indicators performance internal directors 2
outside directors 5		 Reported -
Reporting on the Audit Committee findings in Q3, 2022 Reported -
Reporting on the 2022 Q3 annual business performance Reported -
8 Nov. 28 Reporting on review findings of reappointing the Representative Director internal directors 1
non-executive director 1
outside directors 5		 Reported -
Reporting on review findings of Representative Director candidate nomination Reported -
Approval of consignment transaction for car rental business management with SK Rent-a-car Resolved Approved
9 Dec. 26 Approval of transaction with SK Inc. in 2023 internal directors 2
non-executive director 1
outside directors 5		 Resolved Approved
Approval of billing with the largest shareholder, etc. Resolved Approved
Approval of transaction with SK pinx in 2023 Resolved Approved
Approval of transaction with SK forest in 2023 Resolved Approved
Approval of transaction with SK E&S in 2023 Resolved Approved
Approval for modification of used car (business) transfer transaction with SK Rent-a-car in 2022 Resolved Approved
Approval of used car (business) transfer transaction with SK Rent-a-car in 2023 Resolved Approved
Approval of director concurrent titles Resolved Approved
Approval of transaction with SK enmove in 2023 Resolved Approved
Appointment of the Compliance Assistant Resolved Approved
Approval of HR Committee's review findings Resolved Approved
This table provides information on the activities of the board of directors in 2021 and consists of the meeting, opening date, agenda content, attendance status, classification, and approval.
Round Date Agenda Items Attendees Type Approval/
Rejection
1 Feb. 05 Reporting on the Audit Committee’s review findings for Q4 2020 internal directors 1
non-executive director 1
outside directors 4		 Reported -
Annual management performance reporting of 2020 Reported -
Approval of financial statements for 2020 (68th) Resolved Approved
Approval of business report for 2020 (68th) Resolved Approved
Approval of transactions with SK pinx in 2021 Resolved Approved
2 Mar. 10 Reporting on 2020 operational practices of the Internal Accounting Control System internal directors 1
non-executive director 1
outside directors 4		 Reported -
Reporting on the evaluation of 2020 operational practices of the Internal Accounting Control System Reported -
Allocation of stock options Resolved Approved
Calling the 68th General Meeting of Shareholders Resolved Approved
Issuance of no-warranty bonds Resolved Approved
Approval of the 2020 management plan Resolved Approved
Conclusion of the lease contract with Acadia Training Center Resolved Approved
3 Mar. 29 Amendment of Board Regulations internal directors 2
outside directors 5 		Resolved Approved
Organization of the HR Committee Resolved Approved
Organization of the ESG Management Committee Resolved Approved
Approval of safety & health planning Resolved Approved
Approval of director concurrent titles Resolved Approved
Appointment of the Board’s chairperson Resolved Approved
4 May. 04 Reporting on the Audit Committee’s review findings for Q1 2021 internal directors 2
outside directors 5 		Reported -
Q1 2021 earnings report Reported -
Reporting on cost sharing for SUPEX Council operation in 2021 Reported -
Reporting on achievements and plans regarding compliance support activities/autonomous compliance program for fair trade Reported -
Amendment of the Committee Regulations Resolved Approved
5 Jul. 06 Reporting on the Audit Committee’s review findings for Q2 2021 internal directors 2
outside directors 5 		Reported -
Sale of Speedmate Dongwha Branch assets Resolved Approved
Conclusion of a contract with SK pinx for the use of groupware Resolved Approved
Reorganization of the trading business Resolved Approved
6 Aug. 02 1st Half 2021 earnings report internal directors 2
outside directors 5 		Reported -
Approval of used car (business) transfer contract in relation to the rent-a-car business Resolved Approved
Sale of shenyang SK Networks energy Co., Ltd shares Resolved Approved
Investment in kind for MINTIT business unit Resolved Approved
Investment in kind for TIREPICK business Resolved Approved
7 Sep. 08 Sale of Dandong Logistics Corporation shares internal directors 2
non-executive director 1
outside directors 5 		Resolved Approved
Sale of real estate assets Resolved Approved
8 Nov. 05 Reporting on the Audit Committee’s review findings for Q3 2021 internal directors 2
non-executive director 1
outside directors 5		 Reported -
Q3 2021 earnings reporting Reported -
Approval of minority share investment limits Resolved Approved
9 Nov. 19 Participation in the capital increase of ZINUS Co., Ltd. internal directors 2
non-executive director 1
outside directors 5		 Resolved Rejected
MOU agreement for the acquisition of ZINUS shares Resolved Rejected
10 Dec. 01 Reporting on the Representative Director Assessment and Review for 2021 internal directors 2
non-executive director 1
outside directors 5		 Reported -
11 Dec. 23 Manager appointment internal directors 2
non-executive director 1
outside directors 5		 Resolved Approved
Approval of used car (business) transfer contract with SK Rent-a-car Resolved Approved
Conclusion of SK Club operation contract Resolved Approved
Approval of transaction with SK inc. in 2022 Resolved Approved
Approval of billing with the largest shareholder, etc. Resolved Approved
Approval of transaction with SK pinx in 2022 Resolved Approved
This table provides information on the activities of the board of directors in 2020 and consists of the meeting, opening date, details of the agenda, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 06 Reporting on the Audit Committee’s review findings for Q4 2019 internal directors 2
non-executive director 1
outside directors 5		 -
Annual management performance reporting of 2019 -
Approval of financial statements for 2019 (67th) Approved
Approval of business report for 2019 (67th) Approved
Approval of used car (business) transfer contract with SK Rent-a-car Approved
2 Mar. 04 Reporting on 2019 operational practices of the Internal Accounting Control System internal directors 1
non-executive director 1
outside directors 5		 -
Reporting on the evaluation of 2019 operational practices of the Internal Accounting Control System -
Calling the 67th General Meeting of Shareholders Approved
Acquisition of treasury stocks Approved
Approval of the 2020 management plan Approved
Transfer of petroleum product retail business Approved
Calling an extraordinary meeting of shareholders Approved
3 Mar. 25 Appointment of the Representative Director internal directors 2
outside directors 4		 Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Conclusion of the consignment contract with SK Inc. for Information System Management Approved
Appointment of the Board’s chairperson Approved
4 Apr. 28 Reporting on the Audit Committee’s review findings for Q1 2020 internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on achievements and plans regarding compliance support activities/autonomous compliance program for fair trade -
Management performance reporting of Q1 2020 -
Cost sharing for SUPEX Council operation in 2020 Approved
5 May. 27 Relocation of the head office internal directors 1
non-executive director 1
outside directors 4		 Approved
6 Aug. 13 Reporting on the Audit Committee’s review findings for Q2 2020 internal directors 1
non-executive director 1
outside directors 4		 -
Management performance reporting of the first half 2020 -
7 Sep. 16 Participation in the capital increase of SK Rent-a-car internal directors 2
non-executive director 1
outside directors 4		 Approved
Sale of real estate corporation shares in Dandong, China Approved
8 Oct. 26 Reporting on the Audit Committee’s review findings for Q3 2020 internal directors 1
non-executive director 1
outside directors 3		 -
Management performance reporting of Q3 2020 -
Sale of the company office building in Myeongdong Approved
9 Nov. 25 Land donation for Walkerhill River Park development internal directors 1
non-executive director 1
outside directors 4		 Approved
10 Dec. 22 Manager appointment internal directors 1
non-executive director 1
outside directors 4		 Approved
Approval of used car (business) transfer contract with SK Rent-a-car Approved
Renewal of brand use contracts Approved
Conclusion of SK Club operation contract Approved
Approval of transaction with SK Inc. in 2021 Approved
Approval of billing with the largest shareholder, etc. Approved
Enactment of the Corporate Governance Charter Approved
Conclusion of agreement regarding SUPEX Council operation cost Approved
Sale of SK pinx shares Approved
This table provides information on the activities of the board of directors in 2019 and consists of the meeting, opening date, details of the agenda, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Jan. 31 Annual management performance reporting of 2018 internal directors 2
non-executive director 1
outside directors 4		 -
Approval of financial statements for 2018 (66th) Approved
Approval of business report for 2018 (66th) Approved
Introduction of electronic voting system Approved
Approval of consignment for car rental business management Approved
Migration of overseas Magic business Approved
Manager appointment Approved
2 Mar. 05 Reporting on the Audit Committee’s review findings for Q4 2018 internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on 2018 operational practices of the Internal Accounting Control System -
Reporting on the evaluation of 2018 operational practices of the Internal Accounting Control System -
Calling the 66th General Meeting of Shareholders Approved
Issuance of no-warranty bonds Approved
Approval of the 2019 management plan Approved
Real estate purchase in Samcheong-dong Approved
3 Mar. 22 Conclusion of a real estate lease contract with Chungcheong Energy Service internal directors 1
outside directors 4		 Approved
Relocation of the metropolitan logistics center Approved
Representative Director appointment Approved
Appointment of the Board’s chairperson Approved
4 Apr. 29 Reporting on the Audit Committee’s review findings for Q1 2019 internal directors 2
non-executive director 1
outside directors 5		 -
Annual management performance reporting of Q 2019 -
Reporting on achievements and plans regarding compliance support activities/autonomous compliance program for fair trade -
Officer change of the autonomous compliance for fair trade Approved
Cost sharing for SUPEX Council operation in 2019 Approved
5 Jul. 30 Reporting on the Audit Committee’s review findings for Q2 2019 internal directors 1
outside directors 4		 -
Management performance reporting of Q2 2019 -
6 Sep. 23 Increase in the limit of the rent-a-car operating lease internal directors 2
non-executive director 1
outside directors 5		 Approved
Rent-a-car business handover (investment in kind) Approved
Calling an extraordinary meeting of shareholders Approved
7 Oct. 22 Reporting on the Audit Committee’s review findings for Q3 2019 internal directors 2
non-executive director 1
outside directors 5		 -
Management performance reporting of Q3 2019 -
8 Oct. 31 Approval of SSK business withdrawal internal directors 2
non-executive director 1
outside directors 5		 Passed with condition
9 Nov. 21 Sale of Mokgam Service Area shares internal directors 2
non-executive director 1
outside directors 5		 Approved
10 Dec. 20 Reporting on Northern Copper Industrial internal directors 2
outside directors 4		 -
Conclusion of the lease contract with Acadia Training Center Approved
Conclusion of SK Club operation contract Approved
Approval of transaction with SK Inc. in 2020 Approved
Approval of billing with the largest shareholder Approved
Manager appointment Approved
This table provides information on the activities of the board of directors in 2018 and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 09 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Annual management performance reporting of 2017 -
Approval of financial statements for 2017 (65th) Approved
Approval of business report for 2017 (65th) Approved
Manager appointment Approved
2 Mar. 06 Reporting on 2017 operational practices of the Internal Accounting Control System internal directors 2
non-executive director 1
outside directors 3		 -
Reporting on the evaluation of 2017 operational practices of the Internal Accounting Control System -
Reporting on the plan for improved Audit Committee operation -
Allocation of stock options Approved
Calling the 65th General Meeting of Shareholders Approved
Approval of the 2018 management plan Approved
Issuance of no-warranty bonds Approved
Sale of aircraft shares Approved
Petroleum product commerce Rejected
3 Mar. 14 Change of calling the 65th General Meeting of Shareholders internal directors 2
outside directors 4		 Approved
4 Mar. 30 Organization of the Outside Director Candidate Nomination Committee internal directors 2
outside directors 4		 Approved
Approval of contribution to SK Smile Microcredit Bank Foundation Approved
Conclusion of the real estate lease contract with Chungcheong Energy Service Approved
5 Apr. 18 Management performance reporting of Q1 2018 internal directors 2
non-executive director 1
outside directors 3		 -
Cost sharing for SUPEX Council operation in 2018 Approved
Appointment of the Compliance Assistant Approved
Approval of petroleum produce commerce with SK energy Approved
6 Jul. 16 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on achievements and plans regarding compliance support activities -
Reporting on achievements and plans regarding the autonomous compliance program for fair trade -
Management performance reporting of the first half, 2018 Approved
Approval of used car (business) transfer related to the rent-a-car business Approved
Sale of Wonju Logistics Center Approved
7 Sep. 21 Acquisition of AJ ren-a-car shares internal directors 2
non-executive director 1
outside directors 4		 Approved
8 Nov. 05 Management performance reporting of Q3 2018 internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on the Audit Committee’s review findings for Q3 2018 -
Amendment of the Audit Committee Regulations Approved
Approval of budget execution to participate in social contribution Approved
Approval of terminal commerce Approved
Collateral cancellation in relation to Northern Copper Industrial Approved
9 Dec. 21 Fund borrowing and offer of collateral internal directors 2
outside directors 4		 Approved
Conclusion of the agreement regarding SUPEX Council operating cost Approved
Conclusion of the lease contract with Acadia Training Center Approved
Conclusion of SK Club operation contract Approved
Approval of transaction with SK Inc. in 2019 Approved
Approval of billing with the largest shareholder Approved
This table provides information on the activities of the 2017 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 06 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on 2016 operating achievements and 2017 plans regarding the autonomous compliance program (CP) for fair trade -
Annual management performance reporting of 2016 -
Approval of financial statements for 2016 (64th) Approved
Approval of business report for 2016 (64th) Approved
Approval of billing with the largest shareholder Approved
Manager appointment Approved
Participation in the capital increase of SK pinx Approved
Approval of investment in Mokgam Service Area shares Approved
2 Feb. 28 Reporting on 2016 operational practices of the Internal Accounting Control System internal directors 2
non-executive director 1
outside directors 3		 -
Reporting on the evaluation of 2016 operational practices of the Internal Accounting Control System -
Calling the 64th General Meeting of Shareholders Approved
Approval of the 2017 management plan Approved
Long-term fund borrowing and offer of collateral Approved
Transfer of LPG business Approved
Amendment of the Board Regulations Approved
3 Mar. 24 Appointment of the Representative Director internal directors 2
outside directors 4		 Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Approval of director concurrent titles Approved
Conclusion of a real estate lease contract with Chungcheong Energy Service Approved
4 Apr. 27 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on achievements and plans regarding compliance support activities -
Management performance reporting of Q1 2017 -
Conclusion of the agreement regarding SUPEX Council operating cost Approved
Cost sharing for SUPEX Council operation in 2017 Approved
Conclusion of SK Club operation contract Approved
5 May 22 Sale of the Bus Terminal office building in Shenyang, China internal directors 2
non-executive director 1
outside directors 4		 Approved
6 Jun. 27 Manager job description change internal directors 2
non-executive director 1
outside directors 4		 Approved
Officer change of the autonomous compliance program for fair trade Approved
Approval of used car (business) transfer related to the rent-a-car business Approved
7 Jul. 31 Collateral cancellation in relation to Northern Copper Industrial internal directors 2
non-executive director 1
outside directors 4		 Rejected
8 Aug. 10 Management performance reporting of the first half, 2017 internal directors 2
non-executive director 1
outside directors 4		 -
Transfer of wholesales business in the Energy Marketing sector Approved
Acquisition of treasury stocks Approved
Convocation of an extraordinary meeting of shareholders Approved
Reference date setup and closing of the stock book Approved
9 Oct. 31 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Management performance reporting of Q3 2017 -
10 Dec. 21 Sale of the Bus Terminal corporation in Shenyang internal directors 2
non-executive director 1
outside directors 4		 Approved
Approval of the aircraft co-maintenance deal Approved
Approval of transactions with SK infosec Approved
Approval of financial transaction limits with SK securities in 2018 Approved
Conclusion of the agreement regarding SUPEX Council operating cost Approved
Renewal of brand use contracts Approved
Approval of transactions with SK Inc. in 2018 Approved
Approval of the assets transaction with SK energy Approved
Approval of billing with the largest shareholder Approved
This table provides information on the activities of the 2016 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 24 Reporting on the Audit Committee’s review findings for Q4 2015 internal director 1
non-executive director 1
outside directors 4		 -
Management performance reporting of 2015 -
Reporting on 2015 operating achievements and 2016 plans regarding the autonomous compliance program (CP) for fair trade -
Approval of financial statements for 2015 (63rd) Approved
Approval of business report for 2015 (63rd) Approved
Manager appointment Approved
Officer change of the autonomous compliance for fair trade Approved
2 Feb. 22 Reporting on 2015 operational practices of the Internal Accounting Control System internal director 1
non-executive director 1
outside directors 4		 -
Reporting on the evaluation of 2015 operational practices of the Internal Accounting Control System -
Approval of the 2016 management plan Approved
Calling the 63rd General Meeting of Shareholders Approved
3 Mar. 18 Reporting on 2015 achievements and 2016 plans regarding compliance support activities internal director 1
outside directors 4		 -
Appointment of the Board’s chairperson Approved
Appointment of the Representative Director Approved
Approval of transactions with SK Inc. in Q2 2016 Approved
Conclusion of a real estate lease contract with Chungcheong Energy Service Approved
Issuance of no-warranty bonds Approved
Long-term fund borrowing Approved
Approval of the car rental business consignment deal with Socar Approved
4 Apr. 22 Management performance reporting of Q1 2016 internal director 1
non-executive director 1
outside directors 3		 -
Cost sharing for SUPEX Council operation in 2016 Approved
Sale of SK Auto Service Hong Kong Limited shares Approved
5 Jun. 24 Reporting on the Audit Committee’s review findings for Q1 2016 internal directors 2
non-executive director 1
outside directors 3		 -
Approval of transactions with SK Inc. in Q3 2016 Approved
6 Jul. 11 Approval of used car (business) transfer related to the rent-a-car business internal directors 2
non-executive director 1
outside directors 3		 Approved
Approval of consignment for car rental business management with Radius Lab Approved
7 Jul. 22 Reporting on achievements during the first half, 2016 and plans for the second half regarding the autonomous compliance program (CP) for fair trade internal director 1
non-executive director 1
outside directors 4		 -
Management performance reporting of the first half, 2016 Approved
8 Sep. 24 Reporting on the Audit Committee’s review findings internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on the takeover of Dongyang Magic -
Approval of transactions with SK Inc. in Q4 2016 Approved
9 Sep. 30 Acquisition of Dongyang Magic shares internal director 1
non-executive director 1
outside directors 4		 Approved
10 Oct. 28 Management performance reporting of Q3 2016 internal directors 2
non-executive director 1
outside directors 3		 -
Approval of Walkerhill Resort Pool & SPA development and investment Approved
11 Dec. 08 Approval of transactions with SK Inc. in 2017 internal directors 2
non-executive director 1
outside directors 4		 Approved
Approval of transactions with SK infosec Approved
Approval of the aircraft co-maintenance deal Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in 2017 Approved
Conclusion of a real estate lease contract with SK energy Approved
Transfer of fashion business Approved
This table provides information on the activities of the 2015 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Jan. 22 Reporting on the takeover of KT rental internal director 1
non-executive directors 2
outside directors 4		 -
2 Feb. 04 Reporting on the Audit Committee’s review findings for Q4 2014 internal director 1
non-executive directors 2
outside directors 4		 -
Reporting on 2014 operating achievements and 2015 plans regarding the autonomous compliance program (CP) for fair trade -
Management performance reporting of 2014 -
Approval of financial statements for 2014 (62nd) Approved
Approval of business report for 2014 (62nd) Approved
Approval of changes to fund investment Approved
3 Feb. 26 Reporting on 2014 operational practices of the Internal Accounting Control System internal director 1
non-executive directors 2
outside directors 4		 Approved
Reporting on the evaluation of 2014 operational practices of the Internal Accounting Control System -
Calling the 62nd General Meeting of Shareholders Approved
Approval of the 2015 management plan Approved
4 Mar. 20 Reporting on 2014 achievements and 2015 plans regarding compliance support activities internal directors 2
non-executive director 1
outside directors 4		 -
Appointment of the Board’s chairperson Approved
Appointment of the Representative Director Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Conclusion of a real estate lease contract with Chungcheong Energy Service Approved
Approval of billing with the largest shareholder Approved
Approval of billing with SK C&C in Q2 2015 Approved
Issuance of no-warranty bonds Approved
Appointment of the Compliance Assistant Approved
5 Apr. 24 Management performance reporting of Q1 2015 internal directors 2
non-executive director 1
outside directors 4		 -
Cost sharing change for SUPEX Council operation in 2014 Approved
Cost sharing for SUPEX Council operation in 2015 Approved
6 Jun. 24 Reporting on the Audit Committee’s review findings for Q1 2015 internal directors 2
non-executive director 1
outside directors 4		 -
Approval of billing with SK C&C in Q3 2015 Approved
Approval of used car (business) transfer related to the rent-a-car business Approved
Approval of the aircraft co-maintenance deal Approved
7 Jul. 20 Management performance reporting of 2015 internal directors 2
non-executive director 1
outside directors 3		 -
Merger with Steve J & Yoni P Approved
Approval of the merger with Steve J & Yoni P -
Reference date setup for shareholder confirmation -
Announcement of the small-scale merger -
8 Aug. 18 Sale of SK steel assets in Australia internal directors 2
non-executive directors 2
outside directors 3		 Approved
9 Aug. 27 Reporting on achievements during the first half, 2015 and plans for the second half regarding the autonomous compliance program (CP) for fair trade internal directors 2
non-executive director 1
outside directors 4		 -
Reporting on value of bond adjustment regarding SMART school uniform business transfer -
Approval of the merger agreement with Steve J & Yoni P Approved
Changes to the sale of SK steel assets in Australia Approved
10 Sep. 24 Reporting on the Audit Committee’s review findings for Q2 2015 internal directors 2
non-executive director 1
outside directors 4		 -
Approval of transactions with SK Inc. in Q4 2015 Approved
11 Oct. 01 Reporting on the concluded merger with Steve J & Yoni P internal directors 2
non-executive director 1
outside directors 4		 -
Announcement of concluded merger with Steve J & Yoni P Approved
12 Oct. 22 Reporting on the Audit Committee’s review findings for Q3 2015 internal directors 2
non-executive director 1
outside directors 4		 -
Management performance reporting of Q3 2015 -
Approval of transactions with Infosec Approved
Sale of Gemini shares Approved
13 Nov. 05 Reporting on current business status at the head office in China (Shanghai) internal directors 2
non-executive director 1
outside directors 4		 -
14 Nov. 26 Reporting on the tax exemption privilege bidding internal directors 2
non-executive director 1
outside directors 4		 -
15 Dec. 17 Reporting on major progresses regarding the Cockatoo Coal Ltd. project internal directors 2
non-executive director 1
outside directors 4		 -
Approval of billing with the largest shareholder Approved
Approval of transactions with SK Inc. in Q1 2016 Approved
Approval of transactions with Infosec Approved
Approval of the aircraft co-maintenance deal Approved
Service transaction with SK (China) Corporate Management Ltd. Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in 2016 Approved
Conclusion of a real estate lease contract with SK energy Approved
This table provides information on the activities of the 2014 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 05 Reporting on 2013 achievements and 2014 plans regarding compliance support activities internal director 1
non-executive director 1
outside directors 4		 -
Management performance reporting of 2013 -
Reporting of 2013 operating achievements and 2014 plans regarding autonomous compliance program (CP) for fair trade -
Approval of billing with the largest shareholder Approved
Approval of financial statements for 2013 (61st) Approved
Approval of business report for 2013 (61st) Approved
Approval of the 2014 management plan Approved
2 Feb. 20 Transfer of ICT retail business internal director 1
outside directors 4		 Approved
3 Mar. 04 Reporting on 2013 operational practices of the Internal Accounting Control System internal director 1
outside directors 4		 -
Reporting on the evaluation of 2013 operational practices of the Internal Accounting Control System -
Convocation of the 61st General Meeting with Shareholders Approved
Conclusion of an office space sublease contract with SK Inc. Approved
4 Mar. 21 Reporting on the Audit Committee’s review findings for Q4 2013 internal director 1
non-executive directors 2
outside directors 4		 -
Appointment of the Board’s chairperson Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Approval of director concurrent titles Approved
Cost sharing for SUPEX Council operation Approved
Approval of investment conversion for Mexico Boleo Copper Project loans Approved
Approval of billing with SK C&C in Q2 2014 Approved
Conclusion of a real estate lease contract with Chungcheong Energy Service Approved
5 May. 30 Management performance reporting of Q1 2014 internal director 1
non-executive directors 2
outside directors 3		 -
Reporting on the Audit Committee’s review findings for Q1 2014 -
6 Jun. 12 Payment guarantee for Cockatoo Coal Ltd. internal director 1
non-executive directors 2
outside directors 4		 Approved
7 Jun. 26 Approval of billing with SK C&C in Q3 2014 internal director 1
non-executive directors 2
outside directors 3		 Approved
8 Jul. 24 Reporting on the Audit Committee’s review findings for Q2 2014 internal director 1
non-executive directors 2
outside directors 4		 -
Management performance reporting of the first half, 2014 -
Reporting on achievements during the first half, 2014 and plans for the second half regarding the autonomous compliance program (CP) for fair trade -
Approval of changes to billing with the largest shareholder Approved
Fund liquidation for entry into the Chinese market Approved
Collection deferment of receivables due from Pantech Approved
9 Aug. 20 Reporting on major changes in payment guarantee for Cockatoo Coal Ltd. internal director 1
non-executive directors 2
outside directors 3		 -
10 Aug. 27 Reporting on current business status at the head office in China internal director 1
non-executive director 1
outside directors 4		 -
11 Sep. 29 Approval of billing with SK C&C in Q4 2014 internal director 1
non-executive director 1
outside directors 3		 Approved
Conclusion of bituminous coal supply contracts with Gimcheon Energy Service/Jeonbuk Energy Service Approved
Issuance of no-warranty bonds Approved
Amendment of the Board Regulations Approved
12 Oct. 23 Reporting on the current rent-a-car business status internal director 1
non-executive directors 2
outside directors 4		 -
Management performance reporting of Q3 2014 -
Reporting on major progresses regarding the Cockatoo Coal Ltd. project -
Approval of used car (business) transfer related to the rent-a-car business Approved
13 Oct. 30 Sale of real estate in Daechi-dong internal director 1
non-executive directors 2
outside directors 4		 Approved
14 Nov. 21 Disposition of the Northern Copper Industrial shares internal director 1
non-executive directors 2
outside directors 4		 Approved
15 Nov. 21 Reporting on major progresses regarding the Cockatoo Coal Ltd. project internal director 1
non-executive directors 2
outside directors 4		 -
Reporting on the current status of fashion business -
16 Nov. 27 Reporting on major progresses regarding the Cockatoo Coal Ltd. project internal director 1
non-executive directors 2
outside directors 4		 -
17 Dec. 11 Reporting on the Audit Committee’s review findings for Q3 2014 internal director 1
non-executive directors 2
outside directors 3		 -
Approval of billing with SK C&C in Q1 2015 Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in 2015 Approved
Conclusion of a real estate lease contract with SK energy Approved
Renewal of brand use contracts Approved
Service transaction with SK (China) Corporate Management Ltd. Approved
Appointment of director duties Approved
This table provides information on the activities of the 2013 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Jan. 15 Nonparticipation in MMX capital increase internal director 1
outside directors 3		 Approved
2 Feb. 05 Reporting on the Audit Committee’s review findings for Q4 2012 internal director 1
outside directors 4		 -
-Management performance reporting of 2012 -
Reporting on 2012 operating achievements and 2013 plans regarding autonomous compliance program (CP) for fair trade Approved
Approval of balance sheet (Statement of financial position), statement of profit and loss, statement of changes in equity, statement of cash flows, surplus appropriation statement and annotations for 2012 (60th) Approved
Approval of business report for 2012 (60th) Approved
Approval of billing with the largest shareholder Approved
3 Feb. 28 Reporting on 2012 operational practices of the Internal Accounting Control System internal director 1
outside directors 3		 -
Reporting on the evaluation of 2012 operational practices of the Internal Accounting Control System -
Convocation of the 60th General Meeting of Shareholders Approved
Approval of the 2013 management plan Approved
Manager appointment Approved
Approval of the General Meeting of Shareholders chairperson Approved
4 Mar. 22 Appointment of the Representative Director internal directors 2
non-executive director 1
outside directors 4		 Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Issuance of no-warranty bonds Approved
Approval of billing with SK C&C in Q2 2013 Approved
5 Apr. 10 Conclusion of the agreement regarding operating cost of SUPEX Council and Executive Office internal director 1
non-executive director 1
outside directors 4		 Approved
DYSK business withdrawal Approved
6 Apr. 26 Conclusion of a contract for office space sublease and payment for its use with SK Inc. internal director 1
non-executive director 1
outside directors 3		 Approved
7 Jun. 07 Management performance reporting of Q1 2013 internal director 1
non-executive director 1
outside directors 4		 -
Additional payment guarantee extension for Cockatoo Coal Ltd. Approved
8 Jun. 27 Reporting on the Audit Committee’s review findings for Q1 2013 internal director 1
non-executive director 1		 -
Approval of billing with SK C&C in Q3 2013 Approved
9 Jul. 26 Management performance reporting of 2013 internal director 1
non-executive director 1
outside directors 4		 -
Service transaction with SK (China) Corporate Management Ltd. Approved
10 Aug. 23 Reporting of the Audit Committee’s review findings for Q2 2013 internal director 1
non-executive director 1
outside directors 4		 -
Reporting on achievements during the first half, 2013 and plans for the second half regarding the autonomous compliance program (CP) for fair trade -
Conclusion of a contract for tree maintenance at the Happiness Training Center with SK forest Approved
Approval of director concurrent titles Approved
Changes to the Sudo Gas Station fluidization project Approved
Conclusion of bituminous coal supply contracts with Gimcheon Energy Service/Jeonbuk Energy Service Approved
11 Sep. 16 Participation in the capital increase of Cockatoo Coal Ltd. internal director 1
non-executive director 1
non-executive director 1		 Approved
Additional payment guarantee extension for Cockatoo Coal Ltd. Approved
12 Sep. 24 Issuance of no-warranty bonds internal director 1
outside directors 3		 Approved
Approval of billing with SK C&C in Q4 2013 Approved
Put-Option event of Northern Copper Industrial, China Approved
13 Oct. 25 Management performance reporting of Q3 2013 internal director 1
non-executive director 1
outside directors 4		 -
Tax-free business expansion Approved
Manager appointment Approved
14 Nov. 14 Approval of termination of the long-term transport agreement with SK shipping internal director 1
non-executive director 1
outside directors 4		 Approved
15 Dec. 12 Reporting on EMD results internal director 1
non-executive director 1
outside directors 4		 -
Reporting on the management recovery progress -
16 Dec. 20 Reporting on the Audit Committee’s review findings for Q3 2013 internal director 1
non-executive director 1
outside directors 4		 Approved
Conclusion of a real estate lease contract with SK energy Approved
Approval of billing with SK C&C -
Approval of changes to billing with SK C&C in Q4 2013 Approved
Approval of billing with SK C&C in Q1 2014 Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in 2014 Approved
Sale/Purchase of investment shares with an affiliate -
Sale/Purchase of Sky Property shares with SK geo centric Approved
Sale/Purchase of Sky Property shares with SK hynix Approved
Sale/Purchase of SK China shares with SK Inc. Approved
Sale/Purchase of SK IDC shares with SK Inc. Approved
This table provides information on the activities of the 2012 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Feb. 09 Management performance reporting of Q4 2011 internal director 1
outside directors 4		 -
Reporting on the Audit Committee’s review findings for Q4 2011 -
Reporting on 2011 operating achievements and 2012 plans regarding autonomous compliance program (CP) for fair trade -
Amendment of the Audit Committee Regulations Approved
Approval of balance sheet (Statement of financial position), statement of profit and loss and surplus appropriation statement for 2011 (59th) Approved
Approval of business report for 2011 (59th) Approved
Approval of the 2012 management plan Approved
Manager appointment Approved
Officer change of the autonomous compliance for fair trade Approved
Approval of billing with the largest shareholder Approved
2 Mar. 05 Reporting on 2011 operational practices of the Internal Accounting Control System internal directors 2
internal director 4		 -
Reporting on the evaluation of 2011 operational practices of the Internal Accounting Control System -
Convocation of the 59th General Meeting of Shareholders Approved
3 Mar. 09 Payment guarantee for Cockatoo Coal Ltd. internal directors 2
outside directors 4		 Approved
4 Mar. 23 Organization of the Outside Director Candidate Nomination Committee internal directors 2
internal director 3		 Approved
Amendment of the Board Regulations Approved
Manager appointment Approved
Amendment of the Internal Accounting Control Regulations Approved
Approval of billing with SK C&C in Q2 2012 Approved
5 Apr. 20 Reporting on the Audit Committee’s review findings for Q1 2012 internal directors 2
outside directors 4		 -
Appointment of Compliance Assistant Approved
Participation in the acquisition of Cockatoo Coal Ltd. shares Rejected
6 May 04 Management performance reporting of Q1 2012 internal directors 2
outside directors 3		 -
Approval of fund investment Approved
7 Jun. 22 Approval of financial transaction limits with SK securities, the financial affiliate, in the second half, 2012 internal directors 2
outside directors 4		 Approved
Approval of billing with SK C&C in Q3 2012 Approved
Enactment of the Compliance Control Standards Approved
8 Jul. 27 Management performance reporting of the first half, 2012 internal directors 2
outside directors 4		 -
Reporting on the Audit Committee’s review findings for Q2 2012 -
Amendment of the Audit Committee Regulations Approved
Conclusion of an agreement for the operation of a management supporting group with autonomous responsibilities Approved
Disposition of treasury stocks (preferred stocks) Approved
9 Aug. 13 Additional investment in the Mexico Boleo Copper Project internal directors 2
outside directors 3		 Approved
10 Sep. 25 Reporting on achievements during the first half, 2012 and plans for the second half regarding the autonomous compliance program (CP) for fair trade internal directors 2
outside directors 3		 -
Approval of billing with SK C&C in Q4 2012 Approved
Sale of SK securities shares Approved
11 Oct. 26 Reporting on the Audit Committee’s review findings for Q3 2012 internal directors 2
outside directors 3		 -
Management performance reporting of Q3 2012 -
Conclusion of a contract for tree maintenance at the Happiness Training Center with SK forest Approved
12 Nov. 15 Sudo Gas Station fluidization internal directors 2
outside directors 3		 Approved
13 Nov. 21 Approval of amendment to the agreement for the implementation of mutually cooperative efforts internal directors 2
outside directors 3		 Approved
Transfer of SMART student uniform business Approved
14 Nov. 26 Partial change to the sale of SK securities shares internal directors 2
outside directors 3		 Approved
15 Dec. 14 Reporting on 2012 achievements and 2013 plans regarding compliance support activities internal directors 2
outside directors 4		 -
Payment guarantee extension for Cockatoo Coal Ltd. 의결보류
Approval of billing with SK C&C in Q1 2013 Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in 2013 Approved
16 Dec. 18 Payment guarantee extension for Cockatoo Coal Ltd. internal directors 2
outside directors 4		 Approved
17 Dec. 20 Conclusion of a real estate lease contract with SK energy internal directors 2
outside directors 4		 Approved
This table provides information on the activities of the 2011 board of directors and consists of the meeting, opening date, agenda content, attendance status, and approval.
Round Date Agenda Items Attendees Approval/
Rejection
1 Jan. 21 Management performance reporting of 2010 internal director 1
outside directors 4		 -
Reporting on 2010 operating achievements and 2017 plans regarding autonomous compliance program (CP) for fair trade -
Approval of balance sheet (Statement of financial position), statement of profit and loss and surplus appropriation statement for 2010 (58th) Approved
Approval of business report for 2010 (58th) Approved
2 Feb. 17 Reporting on the Audit Committee’s review findings for Q4 2010 non-executive director 1
internal directors 2
outside directors 4		 -
Reporting on 2010 operational practices of the Internal Accounting Control System -
Reporting on the evaluation of 2010 operational practices of the Internal Accounting Control System -
Convocation of the 58th General Meeting of Shareholders -
Approval of billing with the largest shareholder -
Manager appointment approved -
Issuance of no-warranty bonds -
3 Mar. 11 Appointment of the Board’s chairperson internal director 1
outside directors 2		 Approved
Appointment of the Representative Director Approved
Organization of the Outside Director Candidate Nomination Committee Approved
Approval of billing with SK C&C in Q2 2011 Approved
4 Apr. 22 Reporting on the Audit Committee’s review findings for Q1 2011 non-executive director 1
internal directors 2
outside directors 4		 -
Management performance reporting of Q1 2011 -
Approval of new office building construction Approved
5 Jun. 02 Reporting of the current T&I company business status non-executive director 1
internal directors 2
outside directors 3		 -
6 Jun. 28 Sale of Daehan Oil Pipeline Corporation shares non-executive director 1
internal directors 2
outside directors 3		 Approved
Approval of billing with SK C&C in Q3 2011 Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in the second half, 2011 Approved
Payment guarantee from the head office for the credit line of Hongkong local corporation Approved
7 Jul. 22 Reporting on the Audit Committee’s review findings for Q2 2011 non-executive director 1
internal director 1
outside directors 3		 -
Management performance reporting of the first half, 2011 -
Reporting on achievements during the first half, 2011 and plans for the second half regarding the autonomous compliance program for fair trade -
Payment guarantee for Cockatoo Coal Ltd. Interim Funding Approved
8 Sep. 22 Approval of billing with SK C&C in Q4 2011 non-executive director 1
internal directors 2
outside directors 4		 Approved
9 Oct. 31 Reporting on the Audit Committee’s review findings for Q3 2011 non-executive director 1
internal director 1
outside directors 2		 -
Management performance reporting of Q3 2011 -
Renewal of brand use contracts Approved
Issuance of no-warranty bonds and approval of financial transaction with SK securities Approved
Approval of investment to LCNC Approved
10 Nov. 25 Approval of changes to billing with the largest shareholder, etc. internal directors 2
outside directors 3		 Approved
Manager appointment Approved
Participation in the capital increase of SK pinx Approved
11 Dec. 21 Approval of billing with SK C&C in Q1 2012 internal directors 2
outside directors 4		 Approved
Approval of financial transaction limits with SK securities, the financial affiliate, in the first half, 2012 Approved
Sale of Shantou PS shares Approved
Conclusion of a real estate lease contract with SK energy Approved

Committees of the Board of Directors

Committee Organization
This table provides information on the composition status of committees within the board of directors and consists of names, composition (in-house directors, other non-executive directors, outside directors), roles, and download regulations.
Name Organization Roles Remarks Regulations
Inside Director Non-executive Director Outside Director
Human Resources Commissioner Sunghyung Lee Chairman Seok-woo Jeong
Commissioner Hwa-jin Chang		 Establishes the outside director candidate nomination process Identifies and manages a candidate pool Reviews HR arrangements, evaluation, compensation etc. related to the CEO and key executives -
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Strategy∙ESG Committee Commissioner Ho-jeong Lee, (Representative Director),
Commissioner Sunghwan Choi		 Commissioner Sunghyung Lee Chairman Sooil Chai
Commissioner Seok-woo Jeong
Commissioner Moon-young Lee
Commissioner Hwa-jin Chang 		Conducts audits on work activities of the executives Reviews integrity and validity of the company’s financial activities Reviews the accuracy of financial reports as well as validity of accounting practice standards and accounting estimate changes -
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Audit Committee - - Chairman Seok-woo Jeong
Commissioner Moon-young Lee
Commissioner Hwa-jin Chang 		Conducts audits on work activities of executives Reviews integrity and validity of the company’s financial activities Reviews the accuracy of financial reports as well as validity of accounting practice standards and accounting estimate changes -
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Activities

In 2019, SK Networks integrated ESG criteria into the Key Performance Indicators (KPIs) applicable to its CEO, establishing it as a standard practice in 2021 for CEO performance evaluation and rewards. The HR Committee under the Board of Directors deliberated on these matters, which were then approved by the Board. In 2023, the Board endorsed the integration of ESG objectives, including carbon emission reduction, a key aspect of SK Group’s ESG objective, fostering a corporate culture centered on health and happiness, and ethical management, into the CEO’s KPIs. Alongside this decision, a 10% weighting was allocated to ESG criteria such as carbon emission reduction during the executive KPI evaluation for 2023. (Since 2022, SK Networks has incorporated carbon emission reduction into the KPIs of all its executives, including subsidiary CEOs).As ESG criteria are integrated into the evaluation of all executives, they are likewise factored into the evaluation of all employees, with rewards linked to the outcomes of the KPI evaluation. By 2025, SK Networks will increase the weighting of ESG criteria in the KPIs for all executives, including subsidiary executives, to at least 10% or higher.

* Given the nature of SK Electlink’s EV charging business with carbon reduction effects in business operation, ESG items are reflected through other strategic tasks for SK Electlink.

  • Goals and roadmap for compensation and performance management based on ESG

    This table provides information on ESG-based management performance evaluation target Roadmap and consists of plans from 2022 to 2023, 2024 to 2025, and 2026.
    2023 2024 ~ 2025 2026 ~
    Target All executives
    (including representative of subsidiaries)    		 All executives
    (Expansion to all executives of subsidiaries)    		 All executives
    (Expansion to all executives of subsidiaries)
    Reflected specifications 10% 10% or more 10% or more

  • 2024

    close
This table provides information on the activities of the HR committee in 2024 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, approval, and the attendance rate of directors.
Round Date of hosting Agenda Items Approval Approval/
Rejection		 Director Attendance Rates
1 Jan. 23 2023 evaluation for the Representative Director Deliberated - 100%
Remuneration for the Representative Director Deliberated - 100%
2 Feb. 06 Development of 2024 CEO KPI Deliberated - 100%
Candidate nomination for outside directors Resolved Approved 100%
3 Mar. 06 Deliberation of 2024 ceilings on directors’ remuneration Deliberated - 100%
Granting the long-term performance bonus to the Representative Director for 2024 Deliberated - 100%
Nomination of outside director candidates to the seat on the Audit Committee Resolved Approved 100%
4 Apr. 17 Appointment of the HR Committee Chairman Resolved Approved 100%
5 Jul. 24 Discussion on the Procedures for Appointing Outside Directors and Nomination Needs for 2025 Deliberated - 100%
6 Sep. 26 Review on outside director candidates for 2025 Deliberated - 100%
7 Nov. 15 Review on candidates for the nomination of outside director candidates for 2025 Deliberated - 100%
This table provides information on the activities of the HR committee in 2023 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, approval, and the attendance rate of directors.
Round Date of hosting Agenda Items Approval Approval/
Rejection		 Director Attendance Rates
1 Feb. 9 Candidate nomination for outside directors Resolution Approved 80%
2 Mar. 8 2022 evaluation and remuneration for the Representative Director Deliberated - 80%*
Deliberation of 2023 ceilings on directors' remuneration Deliberated - 80%
3 May. 3 Development of 2023 CEO KPI Deliberated - 100%
4 July. 12 Improvement of Remuneration for the Representative Director Deliberated - 100%
5 Aug. 3 Approval of amendment to the representative director’s remuneration system Deliberated - 100%
6 Sep. 19 Reporting on 2023 CEO Evaluation Items Review Reported - 100%
7 Oct. 19 Review on 2024 outside director candidates Deliberated - 75%
8 Dec. 14 Review on candidates for the nomination of outside director candidates Deliberated - 100%

* Representative Director Sang-kyu Park did not attend the 3rd round of 2023 HR Committee meetings as the agenda items directly concerned him

This table provides information on the activities of the HR committee in 2022 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, approval, and the attendance rate of directors.
Round Date of hosting Agenda Items Approval Approval/
Rejection		 Director Attendance Rates
1 Feb. 08 2021 Representative Director assessment Deliberated - 80%*
Remuneration for the Representative Director Deliberated - 80%*
2 Mar. 07 Nomination of outside director candidates to the seat on the Audit Committee Resolved Approved 100%
Deliberation of 2022 ceilings on directors’ remuneration Deliberated - 100%
3 Nov. 24 Review on the reappointment of the Representative Director Deliberated - 80%**
Candidate nomination for the Representative Director Deliberated - 80%**
4 Dec. 13 Review on candidates for the nomination of outside director candidates Deliberated - 100%

* Representative Director Sang-kyu Park did not attend the 1st round of 2022 HR Committee meetings as the agenda items directly concerned him
** Representative Director Sang-kyu Park did not attend the 3rd round of 2022 HR Committee meetings as the agenda items directly concerned him

This table provides information on the activities of the HR committee in 2021 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, approval, and the attendance rate of directors.
Round Date of hosting Agenda Items Approval Approval/
Rejection		 Director Attendance Rates
1 Nov. 24 Agenda : Representative Director Assessment and Review for 2021 Description : Review on and deliberation of the Representative Director’s 2021 self-assessment results for each KPI (The performance evaluation and remuneration review will reflect 20% of the key ESG index assessment results.) Reported - 100%

  • 2024

    close
This table provides information on the activities of the ESG Management Committee in 2024 and consists of the number of meetings, the date of the meeting, major agenda items, categories, and the attendance rate of directors.
No. Date Main Agenda Category Director Attendance Rates
1 2024.1.5 Manager appointment Deliberated 88%
Buyback of SK Rent-a-Car’s treasury stock Deliberated
Introduction (plan) of independent director reappointment process Deliberated
2 2024.2.6 Disposition of treasury stock Deliberated 88%
Issuance of unsecured corporate bonds Deliberated
Approval of the 2024 business plan Deliberated
Retirement of treasury stock Deliberated
Approval of the 2023 dividend payout (plan) Deliberated
3 2024.3.6 Deliberation of convening the regular shareholders’ meeting for the 71st period (year 2023) Deliberated 100%
Sale of Cartini Discussion
4 2024.4.12 Resolution on the appointment of the ESG Management Committee Chairman Deliberated 100%
Reporting of the FY2023 Sustainability Report Publication Plan Discussion
Approval of the 2024 Safety and Health Plan Deliberated
Authorization of borrowing limit Deliberated
Approval of the PSU (Performance Stock Unit) introduction Deliberated
5 2024.5.8 Disposition of treasury stock Deliberated 100%
Sale of Anseong Distribution Center Deliberated
6 2024.6.12 Approval of the Split-Off Plan Deliberated 100%
Notice of the Extraordinary Shareholders’ Meeting Deliberated
7 2024.6.17 Sale SK Rent-a-Car Equity Deliberated 100%
8 2024.7.8 Renaming of the ESG Management Committee and Revision of its Rules Deliberated 100%
Amendment to the Corporate Governance Charter Deliberated
Proposal for Contribution to SBVA AI Fund Deliberated
9 2024.8.9 Relocation of Head Office Deliberated 100%
Appointment of the Manager Deliberated
Payment of Interim Dividend Deliberated
10 2024.8.28 Report on SpeedMate split-off progress and approval of the public notice Deliberated 100%
11 2024.11.11 Approval of Transactions with SK Innovation Co., Ltd. for 2024 Deliberated 100%
Approval of Transactions with SK Energy Co., Ltd. for 2024 Deliberated
Approval of Transactions with SK Geocentric Co., Ltd. for 2024 Deliberated
12 2024.11.25 Report on Trading Division split-off progress and approval of the public notice Deliberated 100%
Disposition of treasury stock Deliberated
This table provides information on the activities of the ESG Management Committee in 2023 and consists of the number of meetings, the date of the meeting, major agenda items, categories, and the attendance rate of directors.
No. Date Main Agenda Category Director Attendance Rates
1 2023.3.9 Approval of the 2023 business plan Deliberated 88%
Approval of the consignment contract with SK Inc. for Information System Management Deliberated
Amendment (plan) of Executive Severance Regulations Deliberated
Disposition of treasury stock Deliberated
Disposition of treasury stock Deliberated
Issuance of no-warranty bonds Deliberated
Convocation of the 2022 (70th) General Meeting of Shareholders Deliberated
Cancellation of treasury stock Deliberated
Conclusion of trust contract for treasury stock acquisition Deliberated
2 2023.5.3 Disposal of Treasury stock Deliberated 100%
Approval of health and safety plan Deliberated
3 2023.7.12 Approval of health and safety plan Discussed 100%
4 2023.7.17 Acquisition of en-core shares Deliberated 88%
5 2023.8.16 Conclusion of all-inclusive exchange of shares agreement with SK rent-a-car Deliberated 100%
Tender offer for SK rent-a-car shares Deliberated
6 2023.9.18 Termination of stock trust agreement for purchasing the treasury stock Deliberated 100%
Reporting on '2022 Sustainability Report' publication Discussed
’23 2Q performance on SK Group’s Key ESG Metrics Discussed
7 2023.10.30 Approval of director concurrent titles Deliberated 88%
Increasing diversity to ensure sustainability Discussion
8 2023.12.11 Approval of transaction with SK Inc. in 2024 Deliberated 100%
Approval of billing with the largest shareholder Deliberated
Approval of transaction with SK Pinx in 2024 Deliberated
Approval of transaction with SK Forest in 2024 Deliberated
Approval of transaction with SK E&S in 2024 Deliberated
Renewal of brand use contracts Deliberated
Approval for modification of used car (business) transfer transaction with SK Rent-a-Car in 2023 Deliberated
Approval of a small-scale stock exchange with SK Rent-a-Car Deliberated
Disposition of treasury stock Deliberated
Participation in SK Electlink capital increase Deliberated
This table provides information on the activities of the ESG Management Committee in 2022 and consists of the number of meetings, the date of the meeting, major agenda items, categories, and the attendance rate of directors.
No. Date Main Agenda Category Director Attendance Rates
1 2022.2.8 Conclusion of Acadia rent contract Deliberated 100%
Conclusion of MOU on mutual partnership implementation and agreement on SUPEX Council operating expenses Deliberated
Sale of Sunhyewon (House of Grace) site Deliberated
Adoption of RSUs (Restricted Stock Units) Deliberated
2 2022.3.8 Approval of 2022 management plan Deliberated 100%
Issuance of unsecured corporate bonds Deliberated
Convocation of the 69th Ordinary Shareholders’ Meeting Deliberated
3 2022.4.28 2022 Q1 management performance reporting Reported 83%
Approval of health and safety plan Deliberated
Development of 2022 CEO KPI Deliberated
Partial sale of equity in Kurly Co., Ltd. Deliberated
Workshop 2022.7.8 Review of CEO KPIs in the first half of 2022 100%
Sustainable growth perceived by SK Networks
Report on investment portfolio performance and investment initiatives in the first half of 2022
Blockchain lecture
4 2022.8.19 Approval of investment in the EV charging business Deliberated 100%
Disposal of Treasury stock Deliberated
5 2022.9.21 SKN BSM(Board Skills Matrix) adoption (plan) Discussion 100%
Review on the amendment of Executive Severance Regulations Discussion
6 2022.12.20 Approval of transaction with SK Inc. in 2023 Deliberated 100%
Approval of billing with the largest shareholder, etc. Deliberated
Approval of transaction with SK pinx in 2023 Deliberated
Approval of transaction with SK forest in 2023 Deliberated
Approval of transaction with SK E&S in 2023 Deliberated
Approval for modification of used car (business) transfer transaction with SK Rent-a-car in 2022 Deliberated
Approval of used car (business) transfer transaction with SK Rent-a-car in 2023 Deliberated
Approval of transaction with SK enmove in 2023 Deliberated
This table provides information on the activities of the ESG Management Committee in 2021 and consists of the number of meetings, the date of the meeting, major agenda items, categories, and the attendance rate of directors.
No. Date Main Agenda Category Director Attendance Rates
1 2021.6.18 Workshop on SK Networks' Past, Future, and Value-up Directions Reported 100%
2 2021.7.1 Sale of Speedmate Donghwa Assets Prereview 83%
Groupware Contract with SK Pinx Prereview
Trading Business Reorganization Prereview
3 2021.7.29 Approval of Transfer Transaction of Second Hand Vehicles for Rental Car Business Prereview 83%
Share Sale of Shenyang Lingyuan Corporation Prereview
In-kind Contribution to MINTIT Biz Prereview
In-kind Contribution to TIREPICK Biz Prereview
4 2021.9.1 Share Sale of Dandong Logistics Corporation Prereview 100%
Sale of Property Assets Prereview
Project Heim Reported
5 2021.11.2 Participation in capital increase of Zinus Co., Ltd. Prereview 100%
MOU on equity acquisition in Zinus Co., Ltd. Prereview
6 2021.12.21 Appointment of general manager Prereview 100%
Approval of used fleet assignment with SK Rent-a-car Co., Ltd. Prereview
Entry into SK Club operation agreement Prereview
Approval of 2022 transaction with SK Inc. Prereview
Approval of total transaction amount with the largest shareholder Prereview
Approval of 2022 transaction with SK pinx Co., Ltd. Prereview
SKN Governance Story Reported

  • 2024

    close
This table provides information on the activities of the audit committee in 2024 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Type Approval/
Rejection		 Director Attendance Rates
1 Jan. 26 Evaluation of 2023 Audit Committee activities Evaluation - 100%
Reporting on Q4 2023 achievements of the Audit Office Reported -
Approval of the Audit Office’s 2024 management plan Deliberated Conditionally
deliberated
2 Feb. 8 Reporting on the 2023 dividend payout plan and operating report Reported - 100%
Reporting on the 2023 business performance and financial statements Reported -
Reporting on the 2023 annual audit progress by the external auditor Reported -
3 Mar. 6 Reporting of 2023 Consolidated Internal Accounting Control System Operation Status Reported - 100%
Evaluation of 2023 Consolidated Internal Accounting Control System Operation Status Resolved Approved
Evaluation of 2023 Internal Monitoring Mechanism Operation Status Resolved Approved
Prior Reporting of the Agreement to Justify Comprehensive Audit over Subsidiaries Reported -
4 Mar. 8 Reporting of Changes to the 71st Period (2023) Operating Report Reported - 100%
Reporting of 2023 Fiscal Period Audit on SK Networks Co., Ltd. by an External Auditor Resolved -
Deliberation/Resolution of 2024 External Auditor Compensation for Annual Audit (Pending) Resolved Approved
Preparation of the 71st Period (2023) Audit Report by the Audit Committee Resolved Approved
Inspection of Agendas and Documents for the 71st Period (2023) Shareholders’ Meeting Resolved Approved
5 May. 3 Reporting on Q1 2024 earnings of SK Networks Reported - 100%
Reporting on Q1 2024 (preliminary) review by external auditor Reported -
Reporting on Investment Lessons Learned results Reported -
Reporting on the 1st half of 2024 regular audit plans Reported -
Approval of signing an agreement for comprehensive auditing of subsidiaries Resolved Approved
6 May. 8 Reporting on Q1 2024 review results by external auditor Reported - 100%
Reporting on Q1 2024 achievements of the Audit Office Reported -
7 Jun. 12 Report on the Investigation of Agenda Items for the Extraordinary Shareholders’ Meeting Reported - 100%
8 Jul. 9 Reporting on 2024 inspection (plan) for operational practices of the Internal Accounting Control System Reported - 100%
Reporting on Q2 2024 achievements of the Audit Office Reported -
Approval of Pending 2024 KPI Modifications for the Audit Office Resolved Approved
9 Jul. 26 Report on External Auditor’s (Preliminary) Review for the First Half of 2024 Reported - 100%
10 Aug. 7 Reporting on SK Networks’ Earnings for the First Half of 2024 Reported - 100%
Report on External Auditor’s Review Results for the First Half of 2024 Reported -
Approval of the Amendment (Plan) to the 2024 Second Half Audit Plan Resolved Approved
11 Sep. 25 Report on the Human Resource Management Operations of the SK Networks’ Audit Personnel Reported - 100%
Report on the Results of the 2024 First-Half Regular Audit (MINTIT) Reported -
Report on the Results of 2024 Ethical Management Activities Reported -
Report on follow up audit of the Anti-bribery management systems(ISO37001) Reported -
12 Oct. 23 Report on the (Proposed) Year-End Evaluation of the Internal Audit Department Head Reported - 100%
Interim Report on the Operational Status of the Internal Accounting Control System in 2024 Reported -
Interim Evaluation of the Operational Status of the Internal Accounting Control System in 2024 Reported -
Report on the Audit Office’s Performance in Q3, 2024 Reported -
Approval of the (Proposed) Amendment to the Internal Audit Regulations Resolved Approved
13 Nov. 1 Report on the (Preliminary) Review by the External Auditor for Q3, 2024 Reported - 100%
14 Nov. 8 Report on the Business Performance of SK Networks in Q3, 2024 Reported - 100%
Report on the Review by the External Auditor for Q3, 2024 Reported -
Deliberation and Resolution on the (Proposed) Annual Audit Fees for the External Auditor for 2025 Resolved Approved
Report on the Results of the 2024 Second-Half Regular Audit (Procurement Blind Spots) Reported -
This table provides information on the activities of the audit committee in 2023 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Type Approval/
Rejection		 Director Attendance Rates
1 Jan. 27 Evaluation of 2022 Audit Committee activities Evaluation - 100%
Reporting on Q4 2022 achievements of the Audit Team Reported -
Reporting on Audit Committee meetings (plan) in 2023 Resolved Approved
2 Feb. 10 Reporting on the 2022 business performance and financial statements/operating report Reported - 100%
Reporting on 2022 annual audit progress by external auditor Reported -
3 Feb. 22 Reporting on the amendment (plan) of the Audit Committee Regulations Reported - 100%
Reporting on the regular audit results (ICT Business Unit) Reported -
Reporting on the progress on the Audit Committee's instructions Reported -
4 Mar. 3 Reporting on 2022 operational practices of the Internal Accounting Control System Reported - 100%
Evaluation of 2022 operational practices of the Internal Accounting Control System Resolved Approved
Evaluation of 2022 internal control operation status Resolved Approved
5 Mar. 9 Appointment of a temporary representative of the Audit Committee Resolved Approved 67%
Independent auditor’s report of fiscal year 2022 Audit on SK networks co. ltd. Reported -
Audit report of the 70th period by the Audit Committee Resolved Approved
Review of the agenda and documents to be submitted to the shareholders’ meeting of the 70th period Resolved Approved
6 Mar. 15 Additional reporting of the internal accounting controls in fiscal year 2022 by an independent auditor Reported - 100%
Additional reporting of internal accounting controls operation practices in 2022 Reported -
7 Mar. 20 Independent auditor’s report of preliminary certification of consolidated internal accounting controls Reported - 100%
8 Apr. 14 Appointment of the representative of the Audit Committee Resolved Approved 100%
Audit performance report in Q1 of 2023 Reported -
9 May. 02 SK networks’ business performance report in Q1 of 2023 Reported - 100%
Independent auditor’s report of fiscal year 2023 annual audit plan and Q1 (preliminary) review findings Reported -
10 May. 15 Independent auditor’s report of Q1 of fiscal year 2023 review findings Reported - 100%
Progress report on the audit process Reported -
11 Jul. 7 Audit performance report in Q2 of 2023 Reported - 100%
Reporting on 2023 inspection (plan) for operational practices of the Internal Accounting Control System Reported -
Reporting on the review of the independence of the external auditor’s non-auditing services Reported -
12 Aug. 2 Reporting on the investment process improvement (plan) Reported - 100%
13 Aug. 8 Reporting on the annual business performance of the first half, 2023 Reported - 100%
Reporting on the review results of the first half of FY 2023 by the external auditor Reported -
Report on the inspection results of the implementation of the Audit Committee’s recommendations Reported -
14 Sep. 06 Reporting on special audit of Australian subsidiary Reported - 100%
Reporting on 2023 2nd Annual Half Audit Plan Reported -
15 Oct. 20 Reporting on the year-end evaluation (plan) of the Internal Audit Dept. Head Reported - 100%
Reporting on Q3 2023 achievements of the Audit Officer Reported -
Approval of the amendment (plan) of the Internal Audit Regulations Resolved Approved
16 Oct. 30 2023 interim reporting on operational practices for the Internal Accounting Control System Reported - 100%
17 Nov. 6 Reporting on Q3 2023 earnings of SK networks Reported - 100%
Approval of the amendment (plan) of the Internal Accounting Control Regulations Resolved Approved
Reporting on Q3 FY2023 (preliminary) review by the external auditor Reported -
18 Nov. 10 Reporting on Q3 FY2023 review findings by external auditor Reported - 100%
Reporting on interim evaluation of the operational practices of the Consolidated Internal Accounting Control System in 2023 Reported -
Reporting on the correction disclosure of the business report Reported -
19 Dec. 11 Reporting on 2023 Ethical Management Measurement results and inspection results for "Lead by Example" leaders Reported - 100%
Reporting on SK Networks’ evaluation system Reported -
Audit Officer’s reporting on achievements during the second half, 2023 Reported -
Audit Officer’s reporting on 2024 business plan (draft) Reported -
20 Dec. 15 Audit Officer’s reporting on achievements during the second half, 2023 Reported - 100%
Audit Officer’s reporting on 2024 business plan (draft) Reported -
This table provides information on the activities of the audit committee in 2022 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Type Approval/
Rejection		 Director Attendance Rates
1 Jan. 25 Reporting on 2021 Q4 achievements by the Management Assessment Team Reported - 100%
2 Feb. 8 Reporting on the 2021 business performance and financial statements/operating report Reported - 100%
Reporting on the 2021 annual audit progress Reported -
3 Feb. 22 (Additional) reporting on the 2021 annual audit progress Reported - 100%
4 Mar. 4 Reporting on the operational practices of the Internal Accounting Control System in 2021 Reported - 100%
Reporting on the evaluation of the operational practices of the Internal Accounting Control System in 2021 Resolved Approved
Evaluation of the 2021 internal control operation status Resolved Approved
5 Mar. 8 Reporting on 2021 audit findings on SK Networks Co., Ltd. by external auditor Reported - 100%
Drafting on the 69th period audit report by the Audit Committee Resolved Approved
Review of agenda items and documents to be referred to the 69th period General Meeting of Shareholders Resolved Approved
6 Apr. 29 Reporting on the 2022 Q1 (preliminary) review by external auditor Reported - 100%
Approval of the amendment of the Internal Audit Regulations Resolved Approved
Reporting on the revision to the reporting processes following amendment of the Internal Audit Regulations Reported -
Reporting on 2022 Q1 achievements of the Audit Team Reported -
7 May. 12 Reporting on 2022 Q1 review results by external auditor and 2022 annual audit plan Reported - 100%
8 Jul. 1 Reporting on the Audit Team's work progress in 2022 Reported - 100%
9 Jul. 28 Reporting on the 1st half 2022 business performance of SK Networks Reported - 100%
Reporting on 2022 inspection plan for operational practices of the Internal Accounting Control System Reported -
Reporting on 1st half FY2022 (preliminary) review and annual audit developments by external auditor Reported -
10 Aug. 11 Reporting on the 1st half FY2022 review findings by external auditor Reported - 100%
Reporting on Q2 2022 achievements of the Audit Team Reported -
11 Sep. 19 Modification of FY2022 external audit agreement (Re: Pre-certification for the Consolidated Internal Accounting Control System) Resolution Approved 100%
Final (plan) reporting on the Group's Ethical Management Measurement System Reported -
12 Oct. 21 Reporting on the progress of appointing a designated auditor Reported - 100%
Reporting on the progress of the Anti-bribery management system (ISO37001) certification Reported -
Reporting on 2022 regular audit results of the Audit Team Reported -
13 Oct. 28 Reporting on Q3 2022 business performance of SK Networks Reported - 100%
Reporting on Q3 FY2022 (preliminary) review and annual audit developments by external auditor Reported -
Reporting on Q3 2022 achievements of the Audit Team Reported -
14 Nov. 14 Reporting on Q3 FY2022 review findings by external auditor Reported - 100%
Reporting on the year-end evaluation (plan) of the Internal Audit Dept. Head Reported -
15 Nov. 16 2022 interim reporting on operational practices for the Internal Accounting Control System Reported - 100%
2022 interim reporting on the Internal Accounting Control System audit by external auditor Reported -
16 Nov. 29 Conclusion of the auditor designation agreement for FY2023-2025 Resolution Approved 100%
17 Dec. 2 Reporting on 2022 Ethical Management Measurement results and inspection results for "Lead by Example" leaders Reported - 100%
Reporting on the progress and future plan regarding the certification of the Consolidated Internal Accounting Control System by external auditor Reported -
Review on SK Networks service checklist by external auditor Reported -
Approval of the Audit Officer appointment Resolution Approved
18 Dec. 26 Deliberation of transaction with SK Inc. in 2023 Resolution Approved 100%
Review on and approval of non-audit services (Re: 2 cases of tax service) Resolution Rejected
Reporting on Audit Committee meetings (plan) in 2023 Reported -
This table provides information on the activities of the audit committee in 2021 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Approval Director Attendance Rates
1 Jan. 13 Assessment of Internal Control Over Prosecutor's Investigation and Response Plan Reporting Reported 100%
Reporting of Developments of ICS Inspection Over Prosecutor's Investigation (2nd) Reported
2 Jan. 27 Reporting of Developments of ICS Inspection Over Prosecutor's Investigation (3rd) Reported 100%
Reporting of the Internal Audit Engagements for Q4 2020 Reported
3 Feb. 3 Reporting of Business Performance and Financial Statements/Business Report for 2020 Reported 100%
4 Feb. 10 Reporting of Developments of ICS Inspection Over Prosecutor's Investigation (4th) Reported 100%
5 Feb. 25 Reporting of Early Draft of ICS Inspection Over Prosecutor's Investigation Reported 100%
Corporate Audit Team's Reporting of Business Plan for 2021 Reported
6 Mar. 5 Reporting of Operational Practices of Internal Accounting Control System for 2020 Reported 100%
Evaluation of Operational Practices of Internal Accounting Control System for 2020 Approved
Evaluation of Operational Status of Internal Monitoring Measures for 2020 Approved
7 Mar. 8 Reporting of External Auditor's Audit Results on SK Networks Co., Ltd. for 2020 Reported 100%
Audit Committee's Development of Audit Report for the 68th Reporting Period Approved
Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting for the 68th Reporting Period Approved
8 Mar. 16 Reporting of Amended Audit Committee Regulations (incl. Internal Audit Regulations) Reported 100%
9 May. 11 Reporting of External Auditor's Review Results for Q1 2021 and Audit Plan for 2021 Reported 100%
Reporting of External Auditor Contract Manual Reported
10 Jul. 22 Reporting of Operation and Evaluation Plan of Internal Accounting Control System for 2021 Reported 100%
Deliberation and Resolution of External Auditor's Annual Audit Fees for 2021 Approved
Reporting of the Internal Audit Engagements in the First Half of 2021 Reported
11 Jul. 30 Reporting of External Auditor's Audit Review for the First Half of 2021 and Annual Audit Developments Reported 100%
Reporting of External Auditor's Annual Audit Plan for 2021 Reported
Reporting of Inspection Plan for External Auditor's Audit Time Reported
Redeliberation and Resolution of External Auditor's Annual Audit Fees for 2021 Approved
12 Aug. 12 Reporting of External Auditor's Review Results for the First Half of 2021 Reported 100%
13 Sep. 14 Review on the need to have the investment in the overseas subsidiary (TenX) submitted for the Board of Directors consideration Reported 100%
14 Oct. 28 The external auditor’s reporting on Q3 FY2021 review and annual audit developments Reported 100%
The Management Diagnostics Team’s Q3 2021 earnings report Reported
15 Nov. 11 2021 interim reporting on operational practices for the Internal Accounting Control System Reported 100%
The external auditor’s reporting on Q3 FY2021 review results and annual audit progress Reported
16 Dec. 09 External auditor appointment for FY 2022-2024 Approved 100%
17 Dec. 23 Deliberation on 2022 transactions with SK inc. Approved 100%
Approval of Corporate Audit Team's Business Plan for 2022 Approved
Evaluation of 2021 Audit Committee activities Evaluated
This table provides information on the activities of the audit committee in 2020 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Approval Director Attendance Rates
1 Jan. 21 Approval of Corporate Audit Team's Business Plan for 2020 Approved 75%
Reporting of the Internal Audit Engagements for Q4 2019 Reported
2 Mar. 4 Reporting of Operational Practices of Internal Accounting Control System for 2019 Reported 100%
Evaluation of Operational Practices of Internal Accounting Control System for 2019 Approved
Evaluation of Operational Status of Internal Monitoring Measures for 2019 Approved
3 Mar. 9 Reporting of External Auditor's Audit Results on SK Networks Co., Ltd. for 2019 Reported 75%
Audit Committee's Development of Audit Report for the 67th Reporting Period Approved
Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting for the 67th Reporting Period Approved
4 Apr. 17 Reporting of the Internal Audit Engagements for Q1 2020 Reported 100%
Reporting of Investigation on Agenda for Extraordinary Meeting of Shareholders Reported
Appointment of Chair of Audit Committee Approved
5 May. 13 Reporting of External Auditor's Review Results for Q1 2020 and Audit Plan for 2020 Reported 100%
6 Aug. 13 Reporting of External Auditor's Audit Review for the First Half of 2020 and Annual Audit Developments Reported 100%
Reporting of Improved Deliberation Process of Externa Auditor's Annual Audit Fees Reported
Deliberation of Annual Audit Fees for 2020 Approved
Reporting of the Internal Audit Engagements for Q2 2020 Reported
7 Oct. 22 Inspection of ICS Over Prosecutor's Investigation Discussed 100%
8 Nov. 11 Reporting of External Auditor's Review Results for Q3 2020 and Annual Audit Plan Reported 100%
Reporting of the Internal Audit Engagements for Q3 2020 Reported
9 Dec. 2 Reporting of Developments of ICS Inspection Over Prosecutor's Investigation Reported 100%
10 Dec. 9 Appointment of External Expert for ICS Inspection Over Prosecutor's Investigation Approved 100%
11 Dec. 22 Deliberation of Transactions with SK Inc. for 2021 Approved 100%
Evaluation of Audit Committee's Activities for 2020 Evaluated
12 Dec. 30 Reporting of Inspection Plan for ICS Over Prosecutor's Investigation Reported 100%
This table provides information on the activities of the audit committee in 2019 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Approval Director Attendance Rates
1 Feb. 20 Reporting of the Internal Audit Engagements for the Second Half of 2018 Reported 100%
Corporate Audit Team's Reporting of Business Plan for 2019 Reported
2 Mar. 5 Reporting of Operational Practices of Internal Accounting Control System for 2018 Reported 100%
Approval of Revised Internal Accounting Control Regulations for 2019 Approved
Evaluation of Operational Practices of Internal Accounting Control System for 2018 Approved
Evaluation of Operational Status of Internal Monitoring Measures for 2018 Approved
3 Mar. 12 Reporting of External Auditor's Audit Results on SK Networks Co., Ltd. for 2018 Reported 100%
Audit Committee's Development of Audit Report for the 66th Reporting Period Approved
Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting for the 66th Reporting Period Approved
4 May. 15 Reporting of External Auditor's Review Results for Q1 2019 and Audit Plan for 2019 Reported 100%
Reporting of the Internal Audit Engagements for Q1 2019 Reported
Appointment of Chair of Audit Committee Approved
5 Aug. 7 Reporting of External Auditor's Review Results for Q2 2019 Reported 100%
Corporate Audit Team's Reporting of Business Performance for Q2 2019 Reported
6 Oct. 24 Audit Committee's Interim Report of Internal Accounting Control System Reported 100%
Reporting of the Internal Audit Engagements for Q3 2019 Reported
Reporting of Group's Regular Audit Engagements and Implementation Plan Reported
7 Nov. 11 Reporting of External Auditor's Review Results for Q3 2019 Reported 100%
Reporting of Investigation on Agenda for Extraordinary Meeting of Shareholders Reported
8 Dec. 20 Deliberation of Transactions with SK Inc. for 2020 Approved 75%
This table provides information on the activities of the audit committee in 2018 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Approval Director Attendance Rates
1 Feb. 9 Corporate Audit Team's Reporting of Business Plan for 2018 Reported 100%
2 Mar. 6 Reporting of Operational Practices of Internal Accounting Control System for 2017 Reported 75%
Evaluation of Operational Practices of Internal Accounting Control System for 2017 Approved
Evaluation of Operational Status of Internal Monitoring Measures for 2017 Approved
3 Mar. 15 Reporting of External Auditor's Audit Results on SK Networks Co., Ltd. for 2017 Reported 100%
Audit Committee's Development of Audit Report for the 65th Reporting Period Approved
Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting for the 65th Reporting Period Approved
4 Apr. 11 Reporting of the Internal Audit Engagements in the Second Half of 2017 Reported 100%
Reporting of Improved Reporting System of Audit Committee (Preliminary) Reported
Appointment of Chair of Audit Committee Approved
5 May. 18 Approval of Auditor and Non-Audit Service Contracts (Relating to Claim for Reassessment of Guarantees Fee to Overseas Corporations) Approved 100%
6 Jun. 28 Reporting of External Auditor's Review Results for Q1 2018 and Audit Plan for 2018 Reported 100%
7 Aug. 31 Reporting of the Internal Audit Engagements in the First Half of 2018 Reported 100%
Reporting of Review Results for the First Half of 2018 Reported
Reporting of Reestablishment Plan for Internal Accounting Control System Reported
8 Nov. 5 Reporting of Amended Audit Committee Regulations Reported 100%
9 Dec. 10 Approval of External Auditor Selection Criteria and Procedure (Preliminary) Approved 100%
Selection of External Auditor Approved
10 Dec. 21 Deliberation of Transactions with SK Inc. for 2019 Approved 100%
This table provides information on the activities of the audit committee in 2017 and consists of the number of meetings, the date of the meeting, the main agenda, the classification, and the attendance rate of the board of directors.
No. Date Main Agenda Approval Director Attendance Rates
1 Jun. 2 Corporate Audit Team's Reporting of Business Plan for 2017 Reported 100%
2 Feb. 28 Reporting of Operational Practices of Internal Accounting Control System for 2016 Reported 67%
Evaluation of Operational Practices of Internal Accounting Control System for 2016 Approved
Evaluation of Operational Status of Internal Monitoring Measures for 2016 Approved
3 Mar. 10 Reporting of External Auditor's Audit Results on SK Networks Co., Ltd. for 2016 Reported 100%
Audit Committee's Development of Audit Report for the 64th Reporting Period Approved
Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting for the 64th Reporting Period Approved
Reporting of the Internal Audit Engagements in the Second Half of 2016 Reported
4 Sep. 25 Investigation on Agenda and Documents to be Submitted to Shareholders' Meeting Approved 100%
5 Sep. 26 Reporting of the Internal Audit Engagements in the First Half of 2017 Reported 75%
6 Dec. 21 Deliberation of Transactions with SK Co., Ltd. in 2018 Approved 100%

Corporate Governance Charter

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Conformity with the Standard Criteria

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General Meeting of Shareholders

  • The 71th Annual General Meeting of shareholders

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  • The 70th Annual General Meeting of shareholders

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  • The 69th Annual General Meeting of shareholders

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  • The 68th Annual General Meeting of shareholders

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  • 2020 Extraordinary Meeting of Shareholders

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  • The 67th Annual General Meeting of shareholders

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  • 2019 Extraordinary Meeting of Shareholders

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  • The 66th Annual General Meeting of shareholders

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  • The 65th Annual General Meeting of shareholders

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