Kumho Tire has established a transparent decision-making system through the board of directors with diversity and expertise. The board of directors consists of a total of 7 members including 1 inside directors, 2 non-executive directors, and 4 independent directors. The chairman is Chai Yong Sen, the chairman of Double Star Group, a major shareholder of Xingway Korea (a major shareholder of Kumho Tire), separated from the CEO.
Category | Name | Gender | Nationality | Career | Expertise | Term |
---|---|---|---|---|---|---|
Internal Directors |
Iltaik Jung | Male | Korea | Current President & CEO of Kumho Tire |
Management | May.7, 2021 ~ May. 6, 2027 |
Non-executive Directors |
Chai Young Sen | Male | China | Current Chairman of the Doublestar Group |
Management | Jul. 6, 2021 ~ Jul. 5, 2027 |
Zhang Jun Hua | Female | China | Current CEO of the Doublestar Group |
Accounting | Jul. 6, 2021 ~ Jul. 5, 2027 |
|
Independent Directors |
Hansuh Gu | Male | Korea | Former President and CEO of Dongyang Life Insurance Co., Ltd. |
Management, Finance |
May. 19, 2020 ~ Mar. 29, 2026 |
Jinyoung Kim | Male | Korea | Former President and CEO of Kwangju Daily |
Management, Finance |
Jul. 6, 2021 ~ Jul. 5, 2027 |
|
Moonsun Song | Male | Korea | Former Vice President of Korea Development Bank |
Finance, Accounting |
Mar. 30, 2022 ~ Mar. 29, 2025 |
|
Insoo Pyo | Male | Korea | Current U.S. Attorney at BKL Law Firm |
Law | Jul. 06, 2022 ~ Jul. 05, 2025 |
Boards play an important role of supervising management. The Strategy Planning Division supports the best decision
making of the board of directors by providing information on agenda items and prior reporting.
Also, the finance, HR and strategy planning sectors support and manage the activities of five committees under the
board of directors.
Kumho Tire established 5 subcommittees under the BOD, including the Audit Committee, Independent Director Nominating Committee, Strategy Operation Committee, Compensation Assessment Committee, and ESG Committee.
The Audit Committee consists entirely of independent directors to ensure its independence and transparency.
As for the Independent Director Nominating Committee, majority of the members are independent directors in accordance with the relevant standards and internal regulations.
Audit Committee :
Committee | Number of BOD Meetings Held(2024) |
Iltaik Jung |
Chai Yong Sen |
un Hua Zhang |
Hanseo Gu |
Jinyoung Kim |
Moon sun Song |
Insoo Pyo |
---|---|---|---|---|---|---|---|---|
Audit Committee | 6 | ○ | ● | ○ | ||||
Independent Director Nominating Committee |
1 | ○ | ○ | ● | ||||
Strategy Operation Committee |
12 | ● | ○ | ○ | ○ | |||
Compensation Assessment Committee |
9 | ○ | ○ | ● | ||||
ESG Committee | 2 | ● | ○ | ○ |