Isamgeol, the new CEO of Kangwon Land.
[Asia Economy Reporter Donghyun Choi] Kangwon Land announced on the 30th that it held the 23rd regular general shareholders' meeting at the High1 Convention Hotel and appointed the next CEO and outside directors.
On this day, the new CEO of Kangwon Land was appointed as Lee Sam-geol (65), former 2nd Vice Minister of the Ministry of the Interior and Safety. The appointed CEO is finally appointed by the President upon the recommendation of the Minister of Strategy and Finance. The term of office is three years from the date of appointment.
Born in Andong, Gyeongbuk, former Vice Minister Lee passed the 24th Administrative Examination in 1981 and entered public service. He served as Director of the Local Finance and Taxation Bureau of the Ministry of the Interior and Safety, Deputy Governor of Gyeongsangbuk-do, Vice Minister of the Ministry of the Interior and Safety, and 2nd Vice Minister of the Ministry of the Interior and Safety. Afterwards, he served as Chairman of the Andong City Regional Committee of the Democratic Party and Standing Chairman of the Gyeongbuk Election Countermeasures Committee of the Democratic Party.
In addition, at this shareholders' meeting, three new outside directors were appointed, and Director Jang Kyung-jae, currently an outside director of Kangwon Land, was reappointed.
The new outside directors appointed were Kim Tae-ho, Chairman of the Gohan·Sabuk·Nam-myeon·Sindong Regional Revitalization Joint Promotion Committee; Lee Sang-jin, Advisory Committee Member of the Taebaek City Regional Council of the National Unification Advisory Council; and Han Min-ho, CEO of Hanbaek Tax Corporation Gangwon Branch.
At the shareholders' meeting, the approval of the financial statements and consolidated financial statements for the fiscal year 2020 was resolved. Accordingly, Kangwon Land will not pay dividends. This is interpreted as considering the fact that the company recorded its first deficit since its establishment last year due to COVID-19 and that normal business operations are expected to be difficult this year as well.
In addition, the shareholders' meeting also passed the approval of the director remuneration limit applying the guidelines for executive remuneration of public enterprises and quasi-governmental institutions, and partial amendments to the articles of incorporation reflecting related provisions revised by the Commercial Act.
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