ILJIN Electric

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Sustainability

ILJIN Electric practices eco-friendly and low-carbon management.

Board composition

Composition of the board of directors

  • Hwang Soo (Co-CEO, Chairman of the Board)

    Career
    Current CEO, ILJIN Electric Co., Ltd.
    Former Head of Heavy Electric Business Division, ILJIN Electric Co., Ltd.
    Former CEO, Alstom Korea
    Former Managing Director, General Electric Korea
    Date of Appointment (Term)
    Reappointed on Mar. 20, 2025 (1-year term, 7th reappointment)

  • Yoo Sang-seok (Co-CEO)

    Career
    Current Executive Vice President & COO, ILJIN Electric Co., Ltd.
    Former Head of Cable Business Division, ILJIN Electric Co., Ltd.
    Former Head of Heavy Electric Business Division, ILJIN Electric Co., Ltd.
    Date of Appointment (Term)
    Reappointed on Mar. 20, 2025 (1-year term, 7th reappointment)

  • Yang Jae-chan (Head of Management Support Division)

    Career
    (Head of Management Support Division)
    Former Executive Director, ILJIN Group
    Former CEO, SIT Co., Ltd.
    Date of Appointment (Term)
    Reappointed on Mar. 20, 2025 (1-year term, 5th reappointment)

  • Cho Woong-ki (Outside Director)

    Career
    Current Outside Director, ILJIN Electric Co., Ltd.
    Current Senior Advisor, Mirae Asset Securities
    Former Vice President, Mirae Asset Securities
    Former Vice Chairman & CEO, Mirae Asset Securities
    Former President & CEO, Mirae Asset Securities
    Date of Appointment (Term)
    Reappointed on Mar. 20, 2025 (1-year term, 2nd reappointment)

Board Activities

Board activities
2024
NO. Date of Meeting Agenda Item Resolution
1 2024.01.10 Borrowing of operating funds from Korea Development Bank Approved
2 2024.01.18 Approval of issuance price and payment amount for additional stock issuance Approved
3 2024.01.23 Extension of maturity and increase in derivatives loss limit for credit facilities with Woori Bank Approved
4 2024.02.05 Approval of FY2023 separate financial statements (16th fiscal year) Approved
5 2024.02.15 Approval of FY2023 consolidated financial statements (16th fiscal year) Approved
6 2024.03.06 Convening of the 16th Annual General Shareholders’ Meeting Approved
7 2024.03.07 Increase and extension of credit line for operating funds from Korea Development Bank Approved
8 2024.03.11 Report on operation and assessment of the internal accounting management system Approved
9 2024.03.21 1. Minutes of the 16th Annual General Shareholders’ Meeting
2. Appointment of CEO		 Approved
10 2024.04.25 1. New credit facility agreement with Suhyup Bank
2. Extension of 4.5 billion KRW purchase loan with KB Kookmin Bank
3. New comprehensive credit facility agreement with Standard Chartered Bank		 Approved
11 2024.05.21 Extension of letter of credit facility agreement period with Korea Development Bank Approved
12 2024.06.13 1. Borrowing from KB Kookmin Bank for Alpinion Medical Systems
(Collateral: jointly owned by ILJIN Electric, Alpinion Medical Systems, and ILJIN Diamond - Magok Innovation Center)
2. Borrowing from Hana Bank for Alpinion Medical Systems
(Collateral: jointly owned by ILJIN Electric, Alpinion Medical Systems, and ILJIN Diamond - Magok Innovation Center)		 Approved
13 2024.07.08 New payment guarantee agreement with Woori Bank Approved
14 2024.08.01 1. Increase in foreign exchange credit limit with NongHyup Bank
2. New credit facility agreement with Citibank		 Approved
15 2024.10.02 1. New 10 billion KRW general loan from Shinhan Bank
2. Increase of trade finance credit limit to 15 billion KRW with Shinhan Bank		 Approved
16 2024.11.20 Extension of guarantee period with Korea Development Bank Approved
17 2024.11.26 New foreign currency payment guarantee agreement with Arab Banking Corporation (B.S.C.) Singapore Branch Approved
18 2024.12.16 Decision on record date for cash/stock dividend and closure of shareholder registry Approved
19 2024.12.20 WITHDRAWAL OF LICENSE OF THE PHILIPPINE BRANCH OFFICE AND AUTHORIZING THE RESIDENT AGENT TO INITIATE THE APPLICATION Approved
20 2024.12.30 Appointment of CEO Approved

  • Borrowing of operating funds from Korea Development Bank

    NO.
    1
    Date of Meeting
    2024.01.10
    Resolution
    Approved

  • Approval of issuance price and payment amount for additional stock issuance

    NO.
    2
    Date of Meeting
    2024.01.18
    Resolution
    Approved

  • Extension of maturity and increase in derivatives loss limit for credit facilities with Woori Bank

    NO.
    3
    Date of Meeting
    2024.01.23
    Resolution
    Approved

  • Approval of FY2023 separate financial statements (16th fiscal year)

    NO.
    4
    Date of Meeting
    2024.02.05
    Resolution
    Approved

  • Approval of FY2023 consolidated financial statements (16th fiscal year)

    NO.
    5
    Date of Meeting
    2024.02.15
    Resolution
    Approved

  • Convening of the 16th Annual General Shareholders’ Meeting

    NO.
    6
    Date of Meeting
    2024.03.06
    Resolution
    Approved

  • Increase and extension of credit line for operating funds from Korea Development Bank

    NO.
    7
    Date of Meeting
    2024.03.07
    Resolution
    Approved

  • Report on operation and assessment of the internal accounting management system

    NO.
    8
    Date of Meeting
    2024.03.11
    Resolution
    Approved

  • 1. 제16기 정기주주총회 의사록 2.대표이사 선임의 건

    NO.
    9
    Date of Meeting
    2024.03.21
    Resolution
    Approved

  • 1. 수협은행 포괄한도 신규 약정의 건 2. 국민은행과 기 약정되 있는 구매론 45억 연장 건 3. SC은행 포괄한도 신규약정 진행의 건

    NO.
    10
    Date of Meeting
    2024.04.25
    Resolution
    Approved

  • Extension of letter of credit facility agreement period with Korea Development Bank

    NO.
    11
    Date of Meeting
    2024.05.21
    Resolution
    Approved

  • 1. 알피니언메디칼시스템 국민은행 차입의 건 (담보 : 일진전기, 알피니언메디칼시스템, 일진다이아몬드 3사 마곡 이노센터 공동 소유) 2. 알피니언메디칼시스템 하나은행 차입의 건 (담보 : 일진전기, 알피니언메디칼시스템, 일진다이아몬드 3사 마곡 이노센터 공동 소유)

    NO.
    12
    Date of Meeting
    2024.06.13
    Resolution
    Approved

  • New payment guarantee agreement with Woori Bank

    NO.
    13
    Date of Meeting
    2024.07.08
    Resolution
    Approved

  • 1. 농협은행 외환통합한도증액의 건 2. CITI은행 여신 신규 약정의 건

    NO.
    14
    Date of Meeting
    2024.08.01
    Resolution
    Approved

  • 1. 신한은행 일반대 100억 신규 차입의 건 2. 신한은행 무역금융 한도 금 일백오십억원 증액 약정 건

    NO.
    15
    Date of Meeting
    2024.10.02
    Resolution
    Approved

  • Extension of guarantee period with Korea Development Bank

    NO.
    16
    Date of Meeting
    2024.11.20
    Resolution
    Approved

  • New foreign currency payment guarantee agreement with Arab Banking Corporation (B.S.C.) Singapore Branch

    NO.
    17
    Date of Meeting
    2024.11.26
    Resolution
    Approved

  • Decision on record date for cash/stock dividend and closure of shareholder registry

    NO.
    18
    Date of Meeting
    2024.12.16
    Resolution
    Approved

  • WITHDRAWAL OF LICENSE OF THE PHILIPPINE BRANCH OFFICE AND AUTHORIZING THE RESIDENT AGENT TO INITIATE THE APPLICATION

    NO.
    19
    Date of Meeting
    2024.12.20
    Resolution
    Approved

  • Appointment of CEO

    NO.
    20
    Date of Meeting
    2024.12.30
    Resolution
    Approved
2023
NO. Date of Meeting Agenda Item Resolution
1 2023.01.16 Borrowing of Foreign Operating Funds from Korea Development Bank Approved
2 2023.02.06 Approval of FY2022 (15th Term) Financial Statements (Separate Statements) Approved
3 2023.02.15 Borrowing and Extension of Foreign Operating Funds from Korea Development Bank Approved
4 2023.02.22 1. Approval of FY2022 (15th Term) Financial Statements (Consolidated Statements)
2. Report on the Operation and Evaluation of the Internal Accounting Management System		 Approved
5 2023.02.27 New Agreement for Foreign Currency Loan Limit with Suhyup Bank Approved
6 2023.03.08 Convening of the 15th Annual General Meeting of Shareholders Approved
7 2023.03.13 Borrowing of Operating Funds from Korea Development Bank Approved
8 2023.03.23 1. Minutes of the 15th Annual General Meeting of Shareholders
2. Appointment of CEO		 Approved
9 2023.04.26 Extension of Purchase Loan (KRW 4.5 Billion) with KB Kookmin Bank Approved
10 2023.04.27 Increase in Comprehensive Foreign Payment Guarantee Limit with KB Kookmin Bank Approved
11 2023.04.28 Increase in Trade Finance Limit with DGB Daegu Bank Approved
12 2023.05.15 New Credit Line Agreement with SC Bank Approved
13 2023.05.17 Increase in Credit Line and New OTC Derivatives Limit with NongHyup Bank Approved
14 2023.05.23 Extension of Documentary Import Credit Line Agreement and Collateral Replacement with Korea Development Bank Approved
15 2023.06.09 Adjustment of Comprehensive Credit Limit with Woori Bank Approved
16 2023.06.30 Loan Agreement with Hana Bank for Alpinion Medical Systems
(Collateral: jointly owned by ILJIN Electric, Alpinion Medical Systems, and ILJIN Diamond at Magok Innovation Center)		 Approved
17 2023.07.17 Loan Agreement with KB Kookmin Bank for Alpinion Medical Systems
(Collateral: jointly owned by ILJIN Electric, Alpinion Medical Systems, and ILJIN Diamond at Magok Innovation Center)		 Approved
18 2023.07.26 Establishment of London Branch Approved
19 2023.09.08 Expansion of Extra-High Voltage Transformer Plant Approved
20 2023.09.13 Borrowing of Operating Funds from Korea Development Bank Approved
21 2023.09.26 Approval of New KRW 10 Billion Facility Loan Agreement with KB Kookmin Bank Approved
22 2023.10.05 New Loan Agreement with Shinhan Bank Approved
23 2023.10.13 Loan Agreement with KB Kookmin Bank Approved
24 2023.10.13 Renewal of Trade Bill Loan Agreement with KEB Hana Bank Approved
25 2023.10.23 Borrowing of Facility Funds from Korea Development Bank Approved
26 2023.10.26 Establishment of Bahrain Branch Approved
27 2023.11.17 Decision on Rights Offering (General Public Offering after Shareholder Allocation) Approved
28 2023.11.20 Extension of Foreign Payment Guarantee Maturity with Korea Development Bank Approved
29 2023.11.24 Adjustment of Comprehensive Credit Limit with Woori Bank Approved
30 2023.12.14 Decision on Shareholder Register Closure (Record Date) for Cash/Stock Dividend Approved
31 2023.12.20 Increase in Foreign Payment Guarantee Limit with UBAP Approved

  • Borrowing of Foreign Operating Funds from Korea Development Bank

    NO.
    1
    Date of Meeting
    2023.01.16
    Resolution
    Approved

  • Approval of FY2022 (15th Term) Financial Statements (Separate Statements)

    NO.
    2
    Date of Meeting
    2023.02.06
    Resolution
    Approved

  • Borrowing and Extension of Foreign Operating Funds from Korea Development Bank

    NO.
    3
    Date of Meeting
    2023.02.15
    Resolution
    Approved

  • 1.제15기 결산재무제표(연결 재무제표)승인의 건 2.내부회계관리제도 운영 실태 및 실태 평가 보고의 건

    NO.
    4
    Date of Meeting
    2023.02.22
    Resolution
    Approved

  • New Agreement for Foreign Currency Loan Limit with Suhyup Bank

    NO.
    5
    Date of Meeting
    2023.02.27
    Resolution
    Approved

  • Convening of the 15th Annual General Meeting of Shareholders

    NO.
    6
    Date of Meeting
    2023.03.08
    Resolution
    Approved

  • Borrowing of Operating Funds from Korea Development Bank

    NO.
    7
    Date of Meeting
    2023.03.13
    Resolution
    Approved

  • 1.제15기 정기주주총회 의사록<br>2.대표이사 선임의 건

    NO.
    8
    Date of Meeting
    2023.03.23
    Resolution
    Approved

  • Extension of Purchase Loan (KRW 4.5 Billion) with KB Kookmin Bank

    NO.
    9
    Date of Meeting
    2023.04.26
    Resolution
    Approved

  • Increase in Comprehensive Foreign Payment Guarantee Limit with KB Kookmin Bank

    NO.
    10
    Date of Meeting
    2023.04.27
    Resolution
    Approved

  • Increase in Trade Finance Limit with DGB Daegu Bank

    NO.
    11
    Date of Meeting
    2023.04.28
    Resolution
    Approved

  • New Credit Line Agreement with SC Bank

    NO.
    12
    Date of Meeting
    2023.05.15
    Resolution
    Approved

  • Increase in Credit Line and New OTC Derivatives Limit with NongHyup Bank

    NO.
    13
    Date of Meeting
    2023.05.17
    Resolution
    Approved

  • Extension of Documentary Import Credit Line Agreement and Collateral Replacement with Korea Development Bank

    NO.
    14
    Date of Meeting
    2023.05.23
    Resolution
    Approved

  • Adjustment of Comprehensive Credit Limit with Woori Bank

    NO.
    15
    Date of Meeting
    2023.06.09
    Resolution
    Approved

  • 알피니언메디칼시스템 하나은행 차입의 건<br>(담보 : 일진전기, 알피니언메디칼시스템, 일진다이아몬드 3사 마곡 이노센터 공동 소유)

    NO.
    16
    Date of Meeting
    2023.06.30
    Resolution
    Approved

  • 알피니언메디칼시스템 국민은행 차입의 건<br>(담보 : 일진전기, 알피니언메디칼시스템, 일진다이아몬드 3사 마곡 이노센터 공동 소유)

    NO.
    17
    Date of Meeting
    2023.07.17
    Resolution
    Approved

  • Establishment of London Branch

    NO.
    18
    Date of Meeting
    2023.07.26
    Resolution
    Approved

  • Expansion of Extra-High Voltage Transformer Plant

    NO.
    19
    Date of Meeting
    2023.09.08
    Resolution
    Approved

  • Borrowing of Operating Funds from Korea Development Bank

    NO.
    20
    Date of Meeting
    2023.09.13
    Resolution
    Approved

  • Approval of New KRW 10 Billion Facility Loan Agreement with KB Kookmin Bank

    NO.
    21
    Date of Meeting
    2023.09.26
    Resolution
    Approved

  • New Loan Agreement with Shinhan Bank

    NO.
    22
    Date of Meeting
    2023.10.05
    Resolution
    Approved

  • Loan Agreement with KB Kookmin Bank

    NO.
    23
    Date of Meeting
    2023.10.13
    Resolution
    Approved

  • Renewal of Trade Bill Loan Agreement with KEB Hana Bank

    NO.
    24
    Date of Meeting
    2023.10.13
    Resolution
    Approved

  • Borrowing of Facility Funds from Korea Development Bank

    NO.
    25
    Date of Meeting
    2023.10.23
    Resolution
    Approved

  • Establishment of Bahrain Branch

    NO.
    26
    Date of Meeting
    2023.10.26
    Resolution
    Approved

  • Decision on Rights Offering (General Public Offering after Shareholder Allocation)

    NO.
    27
    Date of Meeting
    2023.11.17
    Resolution
    Approved

  • Extension of Foreign Payment Guarantee Maturity with Korea Development Bank

    NO.
    28
    Date of Meeting
    2023.11.20
    Resolution
    Approved

  • Adjustment of Comprehensive Credit Limit with Woori Bank

    NO.
    29
    Date of Meeting
    2023.11.24
    Resolution
    Approved

  • Decision on Shareholder Register Closure (Record Date) for Cash/Stock Dividend

    NO.
    30
    Date of Meeting
    2023.12.14
    Resolution
    Approved

  • Increase in Foreign Payment Guarantee Limit with UBAP

    NO.
    31
    Date of Meeting
    2023.12.20
    Resolution
    Approved
2022
NO. Date of Meeting Agenda Item Resolution
1 2022.01.17 Borrowing of Foreign Operating Funds from Korea Development Bank Approved
2 2022.01.21 Change of Loan Category and Extension of Maturity for Comprehensive Credit Line with Woori Bank Approved
3 2022.01.28 Refinancing of KRW 15 Billion Operating Funds from Korea Development Bank Approved
4 2022.02.07 Approval of FY2021 (14th Term) Financial Statements (Separate Statements) Approved
5 2022.02.24 1. Approval of FY2021 (14th Term) Financial Statements (Consolidated Statements)
2. Report on the Operation and Evaluation of the Internal Accounting Management System		 Approved
6 2022.03.02 1. Refinancing and New Borrowing of KRW 10 Billion Operating Funds from Korea Development Bank
2. Adjustment of Foreign Payment Guarantee Limit and New Trade Finance Agreement (KRW 10 Billion) with NongHyup Bank		 Approved
7 2022.03.10 Convening of the 14th Annual General Meeting of Shareholders Approved
8 2022.03.22 Amendment of Guarantee Agreement with UBAP Bank Approved
9 2022.03.25 Minutes of the 14th Annual General Meeting of Shareholders Approved
10 2022.03.25 Appointment of CEO Approved
11 2022.05.04 Change of Loan Category in Comprehensive Credit Line with Woori Bank Approved
12 2022.05.17 Issuance of the 48th and 49th Private Unsecured Bonds Approved
13 2022.05.18 Increase in Foreign Exchange Limit with Korea Development Bank Approved
14 2022.05.20 Setting of Record Date for the 15th Extraordinary General Meeting of Shareholders Approved
15 2022.06.08 Increase and Extension of Usance Credit Limit with Suhyup Bank Approved
16 2022.06.15 Convening of the 15th Extraordinary General Meeting of Shareholders Approved
17 2022.06.30 Minutes of the 15th Extraordinary General Meeting of Shareholders Approved
18 2022.07.11 Execution of Trade Finance Agreement with Daegu Bank Approved
19 2022.08.24 Borrowing of Operating Funds from Korea Development Bank Approved
20 2022.09.15 Borrowing of Operating Funds from Korea Development Bank Approved
21 2022.10.11 1. Relocation of Branch
2. Closure of Mapo Branch
3. Establishment of Magok Branch		 Approved
22 2022.10.19 Borrowing of Operating Funds from Korea Development Bank Approved
23 2022.10.26 Increase in Comprehensive Credit Limit with Woori Bank Approved
24 2022.11.17 Extension of Guarantee Period with Korea Development Bank Approved
25 2022.11.23 Extension of Maturity and Change of Loan Category in Comprehensive Credit Line with Woori Bank Approved

  • Borrowing of Foreign Operating Funds from Korea Development Bank

    NO.
    1
    Date of Meeting
    2022.01.17
    Resolution
    Approved

  • Change of Loan Category and Extension of Maturity for Comprehensive Credit Line with Woori Bank

    NO.
    2
    Date of Meeting
    2022.01.21
    Resolution
    Approved

  • Refinancing of KRW 15 Billion Operating Funds from Korea Development Bank

    NO.
    3
    Date of Meeting
    2022.01.28
    Resolution
    Approved

  • Approval of FY2021 (14th Term) Financial Statements (Separate Statements)

    NO.
    4
    Date of Meeting
    2022.02.07
    Resolution
    Approved

  • 1. Approval of FY2021 (14th Term) Financial Statements (Consolidated Statements) <br>2. Report on the Operation and Evaluation of the Internal Accounting Management System

    NO.
    5
    Date of Meeting
    2022.02.24
    Resolution
    Approved

  • 1. Refinancing and New Borrowing of KRW 10 Billion Operating Funds from Korea Development Bank <br>2. Adjustment of Foreign Payment Guarantee Limit and New Trade Finance Agreement (KRW 10 Billion) with NongHyup Bank

    NO.
    6
    Date of Meeting
    2022.03.02
    Resolution
    Approved

  • Convening of the 14th Annual General Meeting of Shareholders

    NO.
    7
    Date of Meeting
    2022.03.10
    Resolution
    Approved

  • Amendment of Guarantee Agreement with UBAP Bank

    NO.
    8
    Date of Meeting
    2022.03.22
    Resolution
    Approved

  • Minutes of the 14th Annual General Meeting of Shareholders

    NO.
    9
    Date of Meeting
    2022.03.25
    Resolution
    Approved

  • Appointment of CEO

    NO.
    10
    Date of Meeting
    2022.03.25
    Resolution
    Approved

  • Change of Loan Category in Comprehensive Credit Line with Woori Bank

    NO.
    11
    Date of Meeting
    2022.05.04
    Resolution
    Approved

  • Issuance of the 48th and 49th Private Unsecured Bonds

    NO.
    12
    Date of Meeting
    2022.05.17
    Resolution
    Approved

  • Increase in Foreign Exchange Limit with Korea Development Bank

    NO.
    13
    Date of Meeting
    2022.05.18
    Resolution
    Approved

  • Setting of Record Date for the 15th Extraordinary General Meeting of Shareholders

    NO.
    14
    Date of Meeting
    2022.05.20
    Resolution
    Approved

  • Increase and Extension of Usance Credit Limit with Suhyup Bank

    NO.
    15
    Date of Meeting
    2022.06.08
    Resolution
    Approved

  • Convening of the 15th Extraordinary General Meeting of Shareholders

    NO.
    16
    Date of Meeting
    2022.06.15
    Resolution
    Approved

  • Minutes of the 15th Extraordinary General Meeting of Shareholders

    NO.
    17
    Date of Meeting
    2022.06.30
    Resolution
    Approved

  • Execution of Trade Finance Agreement with Daegu Bank

    NO.
    18
    Date of Meeting
    2022.07.11
    Resolution
    Approved

  • Borrowing of Operating Funds from Korea Development Bank

    NO.
    19
    Date of Meeting
    2022.08.24
    Resolution
    Approved

  • Borrowing of Operating Funds from Korea Development Bank

    NO.
    20
    Date of Meeting
    2022.09.15
    Resolution
    Approved

  • 1. Relocation of Branch <br>2. Closure of Mapo Branch<br>3. Establishment of Magok Branch

    NO.
    21
    Date of Meeting
    2022.10.11
    Resolution
    Approved

  • Borrowing of Operating Funds from Korea Development Bank

    NO.
    22
    Date of Meeting
    2022.10.19
    Resolution
    Approved

  • Increase in Comprehensive Credit Limit with Woori Bank

    NO.
    23
    Date of Meeting
    2022.10.26
    Resolution
    Approved

  • Extension of Guarantee Period with Korea Development Bank

    NO.
    24
    Date of Meeting
    2022.11.17
    Resolution
    Approved

  • Extension of Maturity and Change of Loan Category in Comprehensive Credit Line with Woori Bank

    NO.
    25
    Date of Meeting
    2022.11.23
    Resolution
    Approved
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