KCGI "Welcome Decision of Lee Hae-wook, Daelim Group Chairman, to Give Up Inside Director Position"

[Asia Economy Reporter Minji Lee] Private equity fund KCGI announced on the 16th that it welcomes Daelim Group's efforts to enhance management transparency.

KCGI stated, "On the 12th, Lee Hae-wook, Chairman of Daelim Group, announced that he would forgo reappointment as an inside director of Daelim Industrial," and added, "As a shareholder of Daelim Corporation, we welcome Daelim Group's decision to strengthen the professional management system."

Furthermore, KCGI said, "We highly appreciate Daelim Group's active provision of information and communication with shareholders, as well as its efforts to attempt new changes," and explained, "We hope to continue exchanging opinions and consultations with shareholders regarding corporate development in the future."

In September of last year, KCGI acquired a 32.6% stake in Daelim Corporation, the holding company of Daelim Group, becoming the second-largest shareholder. Since then, the company has continuously demanded improvements in governance and protection of shareholder rights from Daelim Group.