Matters Concerning Controlling Shareholders, etc.

Relationship with controlling shareholders and governance

We are positioned as a member of the Korawide Group, with Korawide as the parent shareowner directly holding 41.2% voting rights. We prioritize independence between parent and subsidiary; Korawide handles group strategy formulation and oversight, while we, as a listed company, maintain independence. To preserve independence in important transactions with the controlling shareholder, a Special Committee has been established to deliberate on propriety and fairness.

Transactions and minority shareholder protection measures

Transactions with the parent company Korawide are determined based on general transaction terms, with a policy to ensure appropriateness. The ratio of independent outside directors is maintained at at least one-third, and the Special Committee deliberates and reports on important transactions and actions. From the perspective of protecting minority shareholders, the terms of transactions are set with the premise of comparing with publicly available information and market prices.