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New Provision
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Article 17-2 (Advisory Shareholder Proposals)
① A shareholder holding at least 3% of the total issued shares excluding non-voting shares, or a shareholder holding at least 1% of the total issued shares excluding non-voting shares continuously for at least six months, may, even on matters not stipulated by law or the Articles of Incorporation as subject to a general meeting resolution, submit to the directors, in writing or by electronic means, at least six weeks prior to the date of the general meeting (in case of the annual general meeting, six weeks prior to the corresponding date of the previous year’s AGM), a proposal (an “Advisory Shareholder Proposal”) to be included as an agenda item concerning matters such as the Company’s capital structure, governance reform, executive compensation policy, or shareholder return policy.
② The shareholder under Paragraph 1 may also request the directors, in writing or by electronic means, at least six weeks prior to the general meeting date, to include the summary of such agenda in the notice and public announcement of the general meeting pursuant to Article 363 of the Korean Commercial Act and Article 17 of these Articles of Incorporation.
③ If an Advisory Shareholder Proposal is submitted, the directors shall report it to the Board, and unless it violates laws or the Articles of Incorporation, the Board shall include it as an agenda item for the general meeting. In such case, if requested by the proposing shareholder, the shareholder shall be given an opportunity to explain the proposal at the general meeting.
④ Resolutions on Advisory Shareholder Proposals shall be made in accordance with Article 19.
⑤ If an Advisory Shareholder Proposal is approved at the general meeting, the Company shall report at the first subsequent annual general meeting the status of implementation and specific details thereof; if not implemented, the reasons shall be reported and disclosed.
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Shareholder proposal
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