Cho Hyun-bum, chairman of Hankook Tire & Technology (photo = Yonhap News)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Chairman Cho Hyun-bum was excluded from the new board of directors of Hankook Tire & Technology (Hankook Tire).

According to Hankook Tire on the 29th, the appointment of internal and external directors was passed at the regular shareholders' meeting, but Chairman Cho was excluded.

Earlier, Cho withdrew his re-election as an in-house director. It seems to be related to the trial on charges of unfair support for affiliates and embezzlement and breach of trust.

As a result, the number of Hankook Tire's in-house directors has been newly set up from three to two, and the number of outside directors has increased by two to six. The bill to increase the total amount of moving remuneration from 7 billion won to 8 billion won was also passed.

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