Governance commitments

We are committed to
maintaining sound corporate
governance through
ethical management.
We are committed to
maintaining sound corporate
governance through
ethical management.

Governance

We are committed to maintaining sound corporate governance through ethical management.

  • We provide shareholders with sufficient information about shareholders’ meetings in advance to
    protect shareholders interest and rights and help them exercise their rights.

  • As our highest-level decision-making body, the Board of Directors consists of five executive directors, four outside directors and two non-executive directors.
    In principle, a regular board meeting is held once a month, but special board meeting is held as necessary.

    Based on Article 42-2 of the Articles of Incorporation, the Board of Directors operates committees within the board, including the Audit Committee, Related Party Transaction Committee, Nominating and Corporate Governance Committee, and Compensation Committee.

    Title

    Name

    Affiliation

    Chairperson of the Board

    Su Jin Lee

    Yanolja

    Inside Director

    Bo Chan Bae

    Yanolja

    Inside Director

    Jong Yoon Kim

    Yanolja

    Inside Director

    Jun Young Lee

    Yanolja

    Inside Director

    Sang Kyu Lim

    Yanolja

    Outside Director

    Sung Rae Park

    Former) Seohyun Accounting Corp.

    Outside Director

    Jeremy A. Everett

    Bae, Kim & Lee LLC

    Outside Director

    Shin Yoo

    Korea Advanced Institute of Science and Technology

    Outside Director

    Ye Na Park

    Seoul National University

    Non-executive Director

    Chi Haeng Lee

    SoftBank Investment Advisers

    Non-executive Director

    Jung Nam Park

    SoftBank Investment Advisers

    As of Dec. 31, 2024

  • Audit Committee

    Yanolja’s audit committee comprises outside directors
    specialising in finance, accounting, and law to secure
    expertise and independence.

    External Auditor

    We get a regular audit from an independent external
    auditor to secure fairness and transparency of
    accounting information.

  • According to our code of ethics, we run business following the basic principles of ethical
    management and appoint the Chief Compliance Officer for monitoring and control.

    Basic Principles of Ethical Management

    Legitimacy

    All members of the company should not violate any laws or the company’s internal regulations in all of their activities that are directly or indirectly related to the company.

    Transparency

    All members of the company should be able to transparently disclose the process and details of decisions made related to their work.

    Rationality

    All members of the company should make decisions and act in the best interest of the company according to the principle of reasonable judgment.

    Misconduct Reporting

    Any illegal or fraudulent acts by the employees of Yanolja and its affiliates can be reported.
    We strictly keep the identity of informants confidential, and they do not get any disadvantages in any form.

    Types of Misconduct Reported

    • Receiving rewards from stakeholders
    • Lack of transparency in selecting a supplier
    • Illegal use and abuse of company asset
    • Illegal investment in accounts
    • Multiple job-holding by employees
    • Leakage of company information
    • Other moral laxity
    • Sexual harassment
    • Workplace bullying

    Where to Report

    • Y-Siren (Compliance/Whistleblowing)

      Y-Siren is an anonymous reporting system, and an external specialist agency, KBEI, manages the website and its server. The whistleblower’s identity is never revealed without his or her consent.

    If you have complaints about our products or services, which are not related to reporting illegal or fraudulent acts,
    please contact our customer center(1644-1346).