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Corporate Governance

Corporate Governance

Board of Directors, Composition of BOD

Classification Position Name Appointment date Term of office Work
Executive Director Chairman Yoon Suk-mynn ‘March,20 3 years Chairman of the Board
CEO Lee Jae-gyu ‘March,18 3 years Management General
Vice-Chairman
Outside Director Director Kim Myeong-seop ‘March,18 3 years Accounting / Tax Advisory
Director Heo Jun-haeng ‘March,18 3 years Civil engineering consulting
Director Lee Jae-gu ‘March,18 3 years Management Consulting
Director Lee Myeong-jae ‘March,18 3 years Legal Risk Advisory
Chairman: Yoon Suk-mynn / Total Number of Directors: 6

Profiles of Independent Directors

Classification Education Career
Kim Myeong-seop Wonju Univ. (Economics) Accountant & advisor, Gwanggyo Tax & Accounting Corp.
Heo Jun-haeng Yonsei Univ. (Civil Engineering) Prof. of Civil and Environmental Engineering, Yonsei Univ.
Lee Jae-gu Seoul National Univ. (Economics) Former Director General for Growth Infrastructure Policy, Ministry of Economy and Finance (MOEF)
Lee Myeong-jae Korea Univ. (Law) Representative Lawyer, BASIS Law Firm
Independent directors are separately selected by the independent director recommendation committee.

2018 Meetings of the Board

Internal Data on the Operation of the BOD PDF View PDF Down
Classification Date No Agenda Item Executive Director Independent Director
The First
board
of directors		 2018.
1. 23		 No. 1 Signing of a bridge loan for the Unicity Development (site and housing development) Project 3 3
The Second
board
of directors		 2018.
1. 30		 No. 1 Founding of Seonbong Byeongyeong Inc. (tentative name) 3 3
No. 2 Closure of the Vietnamese branch office 3 3
The Third
board
of directors		 2018.
2. 12		 No. 1 Extension of a bridge loan for the Gwangmyeong KTX Station Area Development Project 3 3
The Fourth
board
of directors		 2018.
2. 21		 No. 1 The 63rd issuance of publicly offered corporate bonds 3 3
The Fifth
board
of directors		 2018.
2. 23		 No. 1 The 45th general meeting of shareholders 2 2
No. 2 Approval of the 45th business report 2 2
No. 3 Approval of the 45th financial statements and consolidated financial statements 2 2
No. 4 Recommendation of director candidates 2 2
No. 5 Recommendation of the Audit Committee member candidates 2 2
No. 6 Establishing director compensation limits 2 2
The Sixth
board
of directors		 2018.
2. 27		 No. 1 Selling shares of Gyeongju Enviro Inc. 3 3
The Seventh
board
of directors		 2018.
3. 23		 No. 1 Appointment of the chairman of the Board of Directors 3 2
No. 2 Appointment of the CEO 3 2
No. 3 Commissioning of the setting of each individual director’s compensation 3 2
No. 4 Appointment of members of the independent director recommendation committee 3 2
The Eighth
board
of directors		 2018.
3. 27		 No. 1 Signing of a project financing agreement for the Changwon Unicity Commercial Facilities Development Project 3 2
No. 2 Signing of a project financing agreement for the ROK Army Yanggu & Inje Military Camp Facilities BTL Project 3 2
No. 3 Payment of additional funds related to the Sosa–Wonsi Double-track Railway BTL Project 3 2
The Ninth
board
of directors		 2018.
3. 30		 No. 1 Pre-approval of large-scale internal transactions for the 2nd quarter of 2018 3 2
The Tenth
board
of directors		 2018.
4. 6		 No. 1 Sinnae DESIAN PLEX Knowledge Industry Center Construction Project and the signing of a loan agreement related to the project 3 3
The Eleventh
board
of directors		 2018.
4. 12		 No. 1 Signing of a loan agreement to secure additional business expenses for the Dongdaemun Jangan Section 2 Reconstruction & Redevelopment Project 3 3
The Twelfth
board
of directors		 2018.
4. 19		 No. 1 Signing of a project financing agreement for the Unicity Site Development and Jung-dong Housing Development Project 3 3
No. 2 Signing of an intermediate payment loan agreement for the Gwangmyeong KTX Station Area Development Phase 2 Project 3 3
The Thirtheenth
board
of directors		 2018.
4. 24		 No. 1 Jeo-dong Section 2 Hotel Development Project and the signing of a loan related to the project 3 3
The Fourteenth
board
of directors		 2018.
5. 8		 No. 1 Signing of a project financing agreement for the Gwangmyeong KTX Station Area Development Phase 2 Project 3 3
The Fifteenth
board
of directors		 2018.
5. 11		 No. 1 Participation in the paid-in capital increase of Inner City Development Inc. 3 3
No. 2 Participation in the paid-in capital increase of Inje Speedium Inc. (1st round of 2018) 3 3
The Sixteenth
board
of directors		 2018.
5. 23		 No. 1 Signing of a loan agreement to secure additional relocation expenses for the Hyochang Section 6 Housing Redevelopment Project 3 3
No. 2 Signing of an intermediate payment loan agreement for the Hogye DESIAN PLEX Knowledge Industry Center Construction Project 3 3
The Seventeenth
board
of directors		 2018.
5. 29		 No. 1 Signing of a loan agreement for the Myeong-dong Cheonghwi Building Remodeling Project 13
No. 2 Signing of a project financing agreement for the Jeonju Inhu Housing Development Project 3 3
No. 3 Selling shares related to SK Group 3 3
The Eighteenth
board
of directors		 2018.
6. 18		 No. 1 Signing of an intermediate payment loan agreement for the Seoungsu-dong Knowledge Industry Center Construction Project 13
The Nineteenth
board
of directors		 2018.
6. 22		 No. 1 Refinancing the operational loan obtained from Korea Development Bank 13
The Twentieth
of directors		 2018.
6. 27		 No. 1 Signing of a project financing agreement for the Jeonju Ecocity 3BL Rental Housing Development Project 3 3
No. 2 Buying shares of TSK Water Corp. 3 3
No. 3 Pre-approval of large-scale internal transactions for the 3rd quarter of 2018 3 3
The Twenty-first
board
of directors		 2018.
7. 5		 No. 1 Pangyo 7-3BL Business Hotel Construction Project and the signing of a loan agreement related to the project 3 3
No. 2 Signing of an intermediate payment loan agreement for the Sejong 6-4 Life Zone Housing Development Project 3 3
No. 3 Signing of a loan agreement to secure additional business expenses for the Gimpo Unyang Officetel Construction Project 3 3
The Twenty-second
board
of directors		 2018.
7. 13		 No. 1 Signing of a project financing agreement for the Gimpo Unyang Housing Development (Phase 2) Project 3 3
No. 2 Increasing credit limits for the secured loan of credit sales obtained from Shinhan Bank 3 3
The Twenty-third
board
of directors		 2018.
7. 19		 No. 1 Signing of an intermediate payment loan agreement for the Bupyeong J-Tower III Knowledge Industry Center Development Project 3 3
The Twenty-fourth
board
of directors		 2018. 7. 23 No. 1 Selling shares of Korea Investment Holdings 3 3
The Twenty-fifth
board
of directors		 2018.
7. 25		 No. 1 Signing of an intermediate payment loan agreement for the Gwangmyeong KTX Station Area Development Phase 2 Project 3 3
The Twenty-sixth
board
of directors		 2018. 8. 1 No. 1 Signing of an intermediate payment loan agreement for the Hanam Gamil B6, C2, C3 BL Housing Development Project 3 3
The Twenty-seventh
board
of directors		 2018.
8. 24		 No. 1 2018 Management performance and yearly estimate 2 3
No. 2 2018 Construction capability ranking 2 3
No. 3 Operation of the Board of Directors 2 3
The Twenty-eighth
board
of directors		 2018.
8. 29		 No. 1 Joint guarantee for long-term operating funds by Shinhan Bank 3 3
The Twenty-ninth
board
of directors		 2018.
9. 20		 No. 1 Signing of an asset backed loan (ABL) agreement for the Gwangmyeong KTX Station Area Development Phase 1 (Residential Area) Project 3 3
The Thirtieth
board
of directors		 2018.
9. 28		 No. 1 Pre-approval of large-scale internal transactions for the 4th quarter of 2018 3 3
The Thirty-first
board
of directors		 2018.
10. 4		 No. 1 Credit exposure related to the project financing for the Busan Bujeon Officetel Project 3 3
The Thirty-second
board
of directors		 2018.
10. 15		 No. 1 Paju Wunjeong Housing Development Project and the signing of a loan agreement related to the project 3 3
No. 2 Approval of large-scale internal transactions for the 1st and 2nd quarter of 2018 3 3
The Thirty-third
board
of directors		 2018.
10. 19		 No. 1 Selling shares of Pocheon Power Co., Ltd. 3 3
No. 2 Credit exposure related to the project financing for the Busan Seomyeon Officetel Project 3 3
No. 3 Approval of public announcement content related to large-scale internal transactions (goods & services) 3 3
The Thirty-fourth
board
of directors		 2018.
11. 12		 No. 1 Signing of an intermediate payment loan agreement for the Sinnae DESIAN PLEX Knowledge Industry Center Construction Project 3 3
No. 2 The 64th issuance of publicly offered corporate bonds 3 3
The Thirty-fifth
board
of directors		 2018.
11. 19		 No. 1 Signing of a loan agreement for the Bupyeong J-Tower III Knowledge Industry Center Development Project 3 3
The Thirty-sixth
board
of directors		 2018.
11. 22		 No. 1 Refinancing the operational loan obtained from Korea Development Bank 3 3
The Thirty-seventh
board
of directors		 2018.
11. 29		 No. 1 Credit exposure related to the special purpose company (SPC) refinancing agreement for the Guri–Pocheon Expressway BTO Project 3 3
The Thirty-eighth
board
of directors		 2018.
11. 29		 No. 1 Signing of an amended shareholders’ agreement for the Daegu 4th Beltway (Sangin–Beommul Section) BTO Project 3 3
No. 2 Suyu-dong Mixed-Use Residential Building Construction Project and the signing of a loan agreement related to the project 3 3
The Thirty-ninth
board
of directors		 2018.
12. 21		 No. 1 Approval of the 2019 business plan 3 3
No. 2 Amendment of the internal accounting control management rules 3 3
The Fortieth
board
of directors		 2018.
12. 27		 No. 1 Founding of Goseong Hangajok Byeongyeong Inc. (tentative name) 3 3
No. 2 Signing of an intermediate payment loan agreement for the Gimpo Unyang Housing Development (Phase 2) Project 3 3
No. 3 Approval of large-scale internal transactions for the 1st quarter of 2019 and the year 2019 3 3