GREAT
CONNECT
Our corporate culture is
righteousness and integrity.
Articles of Incorporation
Manage the company
by complying with
the basic principle of articles of incorporation.
Chapter I General Provisions
Article 1 (Corporate Name)
Article 2 (Purpose)
Article 3 (Location of the Head Office and Establishment of Branches)
Article 4 (Method of Public Notice)
Chapter II Shares
Article 5 (Total Number of Shares to be Issued)
Article 6 (Par Value per Share)
Article 7 (Total Number of Shares to be Issued at the Time of Incorporation)
Article 8 (Classes of Shares)
Article 8-2 (Number and Content of Class Shares ①)
Article 8-3 (Number and Content of Class Shares ②)
Article 8-4 (Number and Content of Class Shares ③)
Article 8-5 (Number and Content of Class Shares ④)
Article 9 (Electronic Registration of the Rights to be Indicated on Shares or on Preemptive Right Certificates)
Article 10 (Preemptive Rights)
Article 10-2 (Stock Options)
Article 10-3 (Record Date for Calculation of Dividends for New Shares)
Article 11 (Transfer Agent)
Article 12
Article 13 (Closure of Register of Shareholders and Record Date)
Chapter III Bonds
Article 14 (Issuance of Convertible Bonds)
Article 15 (Issuance of Bonds with Warrants)
Article 15-2 (Electronic Registration of the Rights to be indicated on Bonds or Preemptive Right Certificates)
Article 16 (Applicable Provisions Concerning Issuance of Bonds)
Chapter IV General Meeting of Shareholders
Article 17 (Convocation of General Meetings and Place for Convocation)
Article 18 (Persons Authorized to Convene)
Article 19 (Notice and Public Notice of Convening of General Meeting)
Article 20 (Chairperson)
Article 21 (Chairperson's Authority to Maintain Order)
Article 22 (Voting Right and Voting by Proxy)
Article 23 (Limitation on Voting Rights of Cross-Held Shares)
Article 24 (Exercise of Voting Rights in Disunity)
Article 25 (Methods of Adopting Resolutions)
Article 26 (Minutes of General Meeting)
Chapter V Directors, Board of Directors and Auditors
Article 27 (Number of Directors and Auditors)
Article 28 (Appointment and Term of Office of Directors and Auditors)
Article 29 (Vacancies)
Article 30 (Appointment of Representative Director and Others)
Article 31 (Duties of Representative Director and Others)
Article 31-2 (Directors' Duty of Reporting)
Article 32 (Duties of Auditors)
Article 33 (Audit Records)
Article 34 (Convocation of Board of Directors' Meetings and Chairperson)
Article 35 (Methods of Resolution by Board of Directors)
Article 35-2 (Liability Release to Company)
Article 36 (Minutes of Board of Directors' Meeting)
Article 36-2 (Committees)
Article 37 (Remuneration for Directors and Auditors)
Article 38 (Advisors)
Chapter VI Accounting
Article 39 (Business Year)
Article 40 (Preparation and Maintenance of Financial Statements)
Article 41 (Disposition of Profits)
Article 41-2 (Retirement of Shares)
Article 42 (Dividends)
Article 43 (Statute of Limitations for a Claim for Payment of Dividends)
Addenda
Article 1 (Bylaws and Detailed Rules)
Article 2 (Matters Not Specified in These Articles of Incorporation)
Article 3 (Enforcement Date)
GC establishes the basic principles of company operations in its Articles of Incorporation,
and implements and operates major matters such as convocation of general meetings of shareholders, shareholder rights, and resolutions of the Board of Directors according to the Articles of Incorporation.
For more information, please use the "Download Articles of Incorporation" menu.
Major Agenda and Resolutions at the General Meetings of Shareholders
Date of Meeting | Agenda | Approval/Rejection | Number of Shares with Voting Rights | Number of Shares Attended | Approval Rate |
---|---|---|---|---|---|
The 56th ordinary general meeting of shareholders (March 29, 2022) | Proposal No. 1 - Approval of the 56th financial statements (including the statements of appropriation of retained earnings) and the consolidated financial statements |
Approved | 44,934,190 | 32,450,708 | 98.55% |
Proposal No. 2 - Amendments of part of the Articles of Incorporation |
Approved | 87.97% | |||
Proposal No. 3 - Appointment of Director (Outside director candidate Kim Seokhwa) |
Approved | 97.81% | |||
Proposal No. 4 - Approval of the limit for Directors' remuneration |
Approved | 88.36% | |||
Proposal No. 5 - Approval of the limit for Auditors' remuneration |
Approved | 98.37% | |||
The 55th ordinary general meeting of shareholders (March 25, 2021) | Proposal No. 1 - Approval of the 55th financial statements (including the statements of appropriation of retained earnings) and the consolidated financial statements |
Approved | 44,934,190 | 32,724,521 | 98.88% |
Proposal No. 2-1 - Appointment of Director (Inside director candidate Heo Ilseop) |
Approved | 98.77% | |||
Proposal No. 2-2 - Appointment of Director (Inside director candidate Park Yongtae) |
Approved | 98.50% | |||
Proposal No. 2-3 - Appointment of Director (Inside director candidate Heo Yongjun) |
Approved | 98.90% | |||
Proposal No. 3 - Appointment of Auditor (Auditor candidate Kim Sangseop) |
Approved | 20,677,487 | 8,467,789 | 98.70% | |
Proposal No. 4 - Approval of the limit for Directors' remuneration |
Approved | 44,934,190 | 32,724,521 | 93.62% | |
Proposal No. 5 - Approval of the limit for Auditors' remuneration |
Approved | 99.58% | |||
The 54th ordinary general meeting of shareholders (March 25, 2020) | Proposal No. 1 - Approval of the 54th financial statements (including the statements of appropriation of retained earnings) and the consolidated financial statements |
Approved | 44,934,190 | 32,643,897 | 98.86% |
Proposal No. 2 - Appointment of Director (Director candidate Kim Seokhwa) |
Approved | 99.93% | |||
Proposal No. 3 - Approval of the limit for Directors' remuneration |
Approved | 94.33% | |||
Proposal No. 4 - Approval of the limit for Auditors' remuneration |
Approved | 99.54% |
Dividend Information
Classification | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Total Dividends | KRW 13.6 billion | KRW 11.4 billion | KRW 14.8 billion | KRW 27.7 billion | KRW 18.2 billion |
Dividends per Share | KRW 300 | KRW 250 | KRW 325 | KRW 500 | KRW 400 |
Dividend Payout Ratio | 66.2% | 58.2% | 52.6% | 45.1% | 50.9% |
Dividend Yield | 0.8% | 1.0% | 1.5% | 1.4% | 1.5% |
Board of Directors (BOD)
Classification | Name | Major Career | Appointment Date | Expiration Date |
---|---|---|---|---|
Inside Director | Heo Ilseop | Bachelor of Business Administration, Seoul National University Master of Business Administration, Indiana University Graduate School Doctor of Business Administration, Graduate School of Houston chairperson and CEO, GC Corp. (present) |
March 29, 2023 | March 29, 2025 |
Inside Director | Park Yongtae | Metal Engineering, Hanyang University Vice chairperson, GC Corp. (present) |
March 29, 2023 | March 29, 2025 |
Inside Director | Heo Yongjun | Earth System Science, Yonsei University MBA, University of Wisconsin CEO, GC Corp. (present) |
March 29, 2023 | March 29, 2025 |
Outside Director | Kim Seokhwa | College of Medicine, Seoul National University Former Professor of the College of Medicine, Seoul National University Former Director of Seoul National University Children's Hospital Professor of Plastic Surgery at CHA Bundang Medical Center of CHA University (present) |
March 29, 2022 | March 29, 2024 |
BOD Activities
Round | Date of Meeting | Proposals | Approval | Remarks |
---|---|---|---|---|
1 | February 14, 2022 |
1. Approval of financial statements and business reports 2. Convening of an ordinary general meeting of shareholders 3. Determination of the agenda of the ordinary general meeting of shareholders 4. Appointment of the chairperson of the ordinary general meeting of shareholders ※ Reports 1. Report on the operation of the internal accounting management system 2. Evaluation report on the operation of the internal management system |
Approved Approved Approved Approved - - |
- - - - - - |
2 | March 29, 2022 | 1. Appointment of the Chairperson of the BOD 2. Conclusion of the long-term Framework Agreement |
Approved Approved |
- - |
3 | April 19, 2022 | 1. Participation in the capital increase for consideration of overseas affiliates 2. Guarantee of an obligation for overseas affiliates |
Approved Approved |
- - |
4 | May 19, 2022 |
1. Amendments of the Regulations of the BOD
※ Reports 1. Appointment of the chairperson of the BOD 2. Conclusion of the long-term Framework Agreement ① Report on ESG management progress ② Results of the acquisition of US CDMO business ③ Digital healthcare business in North America ④ Introduction to an in-house hospital (Dr. GC) |
Approved
- - |
-
- - |
5 | July 22, 2022 | ※ Reports 1. Business performance report for the first half of 2022 2. Report on major management issues 3. Report on ESG management progress: "GC Sustainability Management Report 2022" published |
- - - |
- - - |
Outside Director: Kim Seokhwa (Attendance rate: 100%)
Management Committee Activities
Round | Date of Meeting | Proposals | Approval | Remarks |
---|---|---|---|---|
1 | January 7, 2022 | 1. Sale of owned shares (VUNO) | Approved | - |
Rejection of e-mail collection
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