As a corporation with the total asset that exceeds KRW 2 trillion, Hankook Tire & Technology is required to have the Outside Director Candidate Recommendation Committee to recommend the outside director candidates under Article 542-8 (4) of the Commercial Act. The Outside Director Candidate Recommendation Committee of Hankook Tire & Technology consists of Sooil Lee, Jongho Park, Hyunmyung Pyo, Jonggap Kim, Youngjae Kang, Jungyeun Kim, Sungkwon Han and Doocheol Moon, of which, Hyunmyung Pyo, Jonggap Kim, Youngjae Kang, Jungyeun Kim, Sungkwon Han and Doocheol Moon are outside directors. And the chairperson of the Outside Director Candidate Recommendation Committe is Sungkwon Han. The term for the chairperson and members of the Outside Director Candidate Recommendation Committe is until the term expiration of the director.

As a result of our active business activities unfolded to respond to the global competition which has recently grown more fierce, the number of BOD meetings, which is the highest decision-making body, and the number of affairs dealt with have increased significantly. Hankook Tire & Technology runs the Sustainability Management Committee within the BOD to reduce the number of BOD meetings convened and associated procedures, and improve the business expertise and efficiency by making rapid decisions.

Due to the activities of the Sustainability Management Committee, the periodic board meetings have been specialized as a discussion body for core agendas, and the BOD activities are systematically improved to further reinforce responsible management. Hankook Tire & Technology's Sustainability Management Committee is chaired by the CEO, consisting of inside directors. The term for the Sustainability Management Committee is until the term expiration of the director.

The Internal Transaction Committee is a “committee within the BOD” established to supervise internal transactions and improve transparency in the corporate management by establishing a voluntary compliance system for fair trade. Article 393-2 of the Commercial Act, Article 43 of the Articles of Incorporation, and Article 11 (1) of the Board of Directors Operational Regulations requires the company to establish and operate the Internal Transaction Committee with the authority to approve large-scale internal transactions assigned from the BOD.

In accordance with the Monopoly Regulation and Fair Trade Act, the Committee monitors and supervises unfair transactions through the preliminary review and the approval of transactions with affiliates and affiliated persons. The Internal Transaction Committee of Hankook Tire & Technology is composed of outside directors Hyunmyung Pyo, Jonggap Kim, Youngjae Kang, and Jungyeun Kim as outside directors. And the chairperson of the Internal Transaction Committe is Jungyeun Kim. The term for the chairperson and members of the Internal Transaction committee is until the term expiration of the director.

Our ESG Committee is a board committee designed to advise, deliberate, and decide on the most appropriate environmental, social, and governance-related directions so as to emphatically reinforce the sustainable development based on its economic, social, and environmental responsibilities as an enterprise.

Hankook Tire & Technology’s ESG Committee was created by the resolutions implemented by the Board of Directors. The committee consists of at least three directors and its majority must be made up of outside directors. The chairperson is commissioned among its members by the resolutions, and the committee members are appointed or dismissed by the resolutions decided on by the board of directors.

An outside director Doocheol Moon was appointed as the chairperson of the ESG committee, which entirely consists of inside and outside directors, among which six of them are Hyunmyung Pyo, Jonggap Kim, Youngjae Kang, Jungyeun Kim, Sungkwon Han and Doocheol Moon. The term for the chairperson and members of the ESG is until the term expiration of the director.