Board of Directors

ETHICAL MANAGEMENT

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 8 members including 1 inside directors, 2 non-executive directors, and 5 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, 2024
Non-executive
Directors
Chai Young Sen Male China Current Chairman
of the Doublestar Group
Management Jul. 6, 2021 ~
Jul. 5, 2024
Zhang Jun Hua Female China Current CEO of the
Doublestar Group
Accounting Jul. 6, 2021 ~
Jul. 5, 2024
Independent
Directors
Jonggil Kim Male Korea Current Lawyer at
Dongin Law Firm
Law Jul. 6., 2021 ~
Jul. 5, 2024
Hongyup Choi Male Korea Current professor at the
Chosun University College
of Law
Law May. 19, 2020 ~
May. 18, 2023
Hansuh Gu Male Korea Former President and CEO
of Dongyang Life Insurance
Co., Ltd.
Management,
Finance
May. 19, 2020 ~
May. 18, 2023
Jinyoung Kim Male Korea Former President and CEO
of Donyang Life Insurance
Co., Ltd.
Management,
Finance
Jul. 6, 2021 ~
Jul. 5, 2024
Moonsun Song Male Korea Former Vice President of
Korea Development Bank
Finance,
Accounting
Mar. 30, 2022 ~
Mar. 29, 2025
(As of August. 31, 2022)

BOARD OF DIRECTORS OPERATION

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.

BOARD OF DIRECTORS OPERATION GRAPH BOARD OF DIRECTORS OPERATION GRAPH
  • Number of BOD Meetings Held (Unit:Times)
    • 2019 : 6
    • 2020 : 9
    • 2021 : 9
  • Resolved Agenda (Unit:Cases)
    • 2019 : 25
    • 2020 : 20
    • 2021 : 35
  • Board of Directors Meeting Attendance Rate (Unit:%)
    • 2019 : 98
    • 2020 : 94
    • 2021 : 95

Subcommittee Operation

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.

Subcommittee Operation Subcommittee Operation
Committee
  • Audit Committee : Audits the company's accounting and operation
  • Independent Director Nominating Committee : Nominates candidates for independent directors to be appointed at the general shareholders’ meeting
  • Strategy Operation Committee : • Evaluates short-term management plans • Evaluates short-term performances •Evaluates daily management issues
  • Compensation Assessment Committee : • Establishes the performance assessment and compensation system for the organization and employees • Discusses key HR policies • Reviews the appointment and dismissal of the management
Subcommittee Composition
●chairman ○member (As of August. 2023)
Committee Number of
BOD Meetings
Held(2022)
Iltaik
Jung
Chai
Yong
Sen
un
Hua
Zhang
Jonggil
Kim
Hongyup
Choi
Hanseo
Gu
Jinyoung
Kim
Moon sun
Song
Audit Committee 5
Independent
Director Nominating
Committee
1
Strategy
Operation
Committee
12
Compensation
Assessment
Committee
5
ESG Committee 1(‘23year)