CEO Kim Dong-hoon Reappointed;
Director Remuneration Limit Reduced by 25%
New Inside and Outside Directors Appointed at Shareholders' Meeting
Kim Dong-hoon, CEO of Dreamus Company, the operator of the music platform FLO, has successfully been reappointed. Additionally, Dreamus Company has reduced the director remuneration limit by 25% compared to the previous year to enhance management efficiency.
Dreamus Company, an affiliate of SK Square, held a shareholders' meeting on the 28th and reappointed CEO Kim Dong-hoon, while newly appointing Kim Jin-su as an inside director and Lee Heon as an outside director.
CEO Kim has strengthened FLO's competitiveness in the music platform market. He demonstrated leadership in restructuring the business focused on music and entertainment, including expanding domestic and international MD and performance businesses and selling non-profitable businesses.
With experience in business strategy and expertise from SK Telecom, he was evaluated as the right person to play a role in transforming the company into a new EnterTech enterprise centered on core businesses.
Inside director Kim Jin-su, currently the head of finance at Dreamus Company, contributed to enhancing corporate value through strategic financial decision-making such as capital allocation and management, as well as the sale of non-profitable businesses to ensure stability. He is expected to play a role in improving the company’s management system and building a sustainable growth business structure.
Outside director Lee Heon, Managing Director in charge of investments at SK Square, has demonstrated professional capabilities in enhancing the corporate value of numerous portfolio companies. He is expected to contribute to investment reviews and the presentation of strategic visions for Dreamus Company’s overall management.
Meanwhile, Dreamus Company resolved on the same day to reduce the director remuneration limit by 25% from the previous year to 1.5 billion KRW. This measure aims to strengthen responsible management by the board and improve corporate management efficiency amid increasing internal and external uncertainties.
CEO Kim stated, "The year 2025 will be a year to strengthen management efficiency in the music and entertainment business and to lay the foundation for advancing as an EnterTech company through innovative AI-based music services and differentiated IP distribution and production models."
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