Paper-specialized corporations Moorim Paper will keep its current board system.
Moorim Paper held its 53rd annual general meeting of shareholders at its headquarters in Jinju, South Gyeongsang, on the 24th.
Moorim Paper reappointed Lee Jong-cheol, head of the management planning office, as an inside director and reappointed outside director Mo Cheol-in, who will serve as an Audit Commissioner.
With this, Moorim Paper will maintain its existing five-member board system as is. The current chair of the board is Lee Do-gyun, CEO of Moorim Paper. Lee is the son of Lee Dong-wook, chair of Moorim Group, and a third-generation Moorim Oner executive. While concurrently serving as CEO of Moorim SP and Moorim P&P, Lee oversees overall management of Moorim Group.
Outside director Park Si-jong, who served as an adviser at YulChon Law LLC, and outside director Lee Gwan-jik, formerly of the Board of Audit and Inspection, will continue to serve as Audit Commissioners.
Moorim Paper also approved the financial statements agenda. Moorim Paper posted sales of 1.2649 trillion won and an operating profit of 5.9 billion won last year.
dividends were also finalized. The company will pay a cash dividend of 125 won per common share, for total dividends of about 5.2 billion won.