Notice Regarding Publication of the Third-Party Committee Investigation Report and Future Measures

Summary of the News

The third-party committee reviewed and evaluated the facts concerning the former chairman's mingling of public and private affairs, recognizing private use of the underground parking, the 8th-floor lounge, and other facilities. While reflecting the Board of Auditors' findings, the committee pointed out additional improper expenditures and asset management issues. The committee formulated and published reform measures including stricter expense management, strengthening of the internal reporting system, and ensuring a majority of outside directors. The effectiveness of these measures will be verified over approximately one year.

Background and Future Measures

The committee found that the founding family's long-standing influence, concentration of authority, and corporate culture issues had eroded the organization. The recurrence-prevention measures focus on changing the mindset of top management, strengthening supervisory functions, and enhancing internal controls, with particular emphasis on correcting the concentration of functions in the Secretariat. The plan includes establishing a reform committee with external experts, enhancing coordination between auditors and the internal audit department, and promoting regular internal training.