President Park Won-cheol: "Active M&A This Year... Global Expansion of Core Copper Foil"

SKC Holds 50th Annual General Meeting of Shareholders
President Park Significantly Increases Communication with Shareholders

Park Won-chul, CEO of SKC, announced on the 28th that "in addition to the commercialization of glass substrates, biodegradable materials, and silicon anode materials, we will expand new growth businesses through active additional mergers and acquisitions (M&A)."

At the 50th regular shareholders' meeting held at the headquarters in Jongno-gu, Seoul, Park said, "This year, we plan to strengthen the competitiveness of our core businesses by globally expanding and increasing sales of copper foil, and by increasing the proportion of high value-added products in the semiconductor and chemical businesses." He also explained that management stability will be enhanced through scenario-based risk management.

As this year’s management policy, Park stated, "We will achieve the vision of becoming a 'global ESG material solution company' that provides differentiated products and solutions through global expansion and ultra-gap technological superiority in the secondary battery, semiconductor, and eco-friendly materials sectors." SKC announced that its key focus areas for achieving the global ESG material solution company vision this year are ▲strengthening core business competitiveness ▲expanding new growth businesses ▲precise risk management.

Park Won-cheol, President of SKC, is reporting this year's management plan at the 50th Annual General Meeting of Shareholders held at the headquarters in Jongno-gu, Seoul, on the morning of the 28th.
[Photo by SKC]

Regarding last year’s management performance, Park said, "We secured about 1.6 trillion KRW in growth resources through the sale of the film business," and "continued to expand the secondary battery materials business with the completion of the Jeongeup Plant 5 and the groundbreaking of the Poland plant."

He added, "We also promoted new semiconductor and eco-friendly material businesses, such as the world’s first commercialization of the DPG single process and the groundbreaking of the semiconductor glass substrate plant." SKC also achieved clear ESG results last year, including establishing a roadmap for the ‘2040 Net Zero Greenhouse Gas’ initiative.

This year, SKC significantly increased communication with shareholders at the general meeting. Park, who chaired the meeting, directly reported last year’s performance and this year’s management policy to SKC shareholders and answered questions submitted in advance on-site. For the first time in the company’s history, the general meeting was broadcast live online, enhancing accessibility for shareholders.

At the meeting, the appointments of outside director and audit committee member Chae Eun-mi, outside director Kim Jeong-in, non-executive director Chae Jun-sik, and audit committee member Park Si-won were approved. With the appointment of Chae Eun-mi, a global business professional, SKC increased the proportion of female outside directors to 50%. Kim Jeong-in is a startup founder rarely seen on large corporate boards, possessing expertise in strategy, finance, and M&A.

Other agenda items, including approval of financial statements and director remuneration limits, were also passed as proposed. An SKC official said, "With the support of shareholders, SKC has further strengthened the diversity and expertise of its board of directors and secured momentum for business innovation this year," adding, "We will do our utmost to further increase shareholder value."