Resolutions on financial statements for 2022, and new management team committed to enhancing customer satisfaction and improving business performance

KR held its 61st Annual General Meeting on 23 February. Following the financial report, the AGM approved the financial statements for 2022 and the appointment of full-time executives. 

KR reported a 12.1% year-on-year revenue increase compared to KRW 159.8 billion last year. This is due to increased income from existing ship and equipment inspections and research income, resulting in a net profit of KRW 8.46 billion. The proposed financial statements were also approved.

The meeting also approved the appointment of full-time executives to form a new management team. Three new full-time directors were approved for reappointment: LEE Yongsok, the current Executive Vice President of Business Division, YOON Boogeun, the current Executive Vice President of Survey Division, and KIM Yeontae, the current Executive Vice President of Technical Division. Two new full-time executives were appointed: YOON Sungho as Executive Vice President of Administration Division & Strategic Planning Division, and KIM Kyungbok as Executive Vice President of Statutory Division.

Executive Vice President YOON Sungho joined KR in 1992 and has served as Head of the Sydney and Busan Branches, Head of the Human Resources Department and Head of the Audit Department. Executive Vice President KIM Kyungbok joined KR in 2011 and served as Head of the Strategic Planning Office after serving as Head of the Planning and Coordination Team and Head of the Seoul Office. 

Both the reappointed and newly appointed executives will serve a three-year term from 25 February 2023 to 24 February 2026. 

LEE Hyungchul, KR Chairman & CEO said: 
"Despite challenging external conditions, such as the ongoing conflict between Russia and Ukraine and high interest rates and inflation, we worked tirelessly last year and achieved significant results, including maintaining a positive balance sheet. While the economic outlook for this year is less favorable than in previous years, our new management team is committed to leading the organization steadily, enhancing customer satisfaction, and improving business performance."