Investors News

Notification and Details of the Convocation of Annual General Meeting of Shareholders

2008.03.04 No. 533

	2007	2006
I.Current assets	89,212	80,430
1.Quick Assets	74,722	68,234
2.Inventories	14,490	12,196
II.Non-current assets	206,658	183,870
1.Investments	90,794	71,484
2.Tangibles	97,211	94,655
3.Intangibles	13,811	11,186
4.Other Non-current Assets	4,842	6,545
Total assets	295,869	264,300
I.Current liabilities	70,560	63,337
II.Non-current liabilities	43,283	40,454
Total liabilities	113,843	103,791
I. Capital stock	14,870	14,849
II. Capital stock surplus	54,399	54,090
III. Capital adjustments	(7,189)	(7,070)
IV. Accum. other comprehensive income	5,481	(2,266)
V. Retained earnings	114,465	100,905
Total shareholders’ equity	182,026	160,508
Total liabilities and shareholders’ equity (Debt Ratio)	295,869 (62.5%)	264,300 (64.7%)
(2) Statement of Income (Unit: 100 Million Won)
	2007	2006
1. Sales	304,891	273,354
2. Cost of sales	246,388	224,086
3. Gross profit	58,503	49,268
4. Selling and administrative expenses	40,353	36,923
5. Operating income	18,150	12,344
6. Other income	14,591	18,589
7. Other expenses	10,520	12,075
8. Income before income tax expense	22,220	18,859
9. Income tax expense	5,396	3,598
10. Net income	16,824	15,261
(3) Statement of Appropriations of Retained Earnings (Unit: 100 Million Won)
	2007	2006
I. Unappropriated retained earnings	16,339	15,454
1. Beginning of year	25	372
2.Change in retained earnings using the equity method	(510)	(178)
3.Net income	16,824	15,261
II. Appropriation of retained earnings	16,286	15,430
1.Legal reserve	276	276
2.Reserve for research development	5,500	5,000
3.Reserve for technology development	7,750	7,400
4.Dividends	2,760	2,754
(Details of cash dividends amount & rate) FY 40^th : Common shares KRW1,000 (20%) Class 1 preferred shares KRW1,050 (21%) Class 2 preferred shares KRW1,100 (22%) Class 3 preferred shares KRW1,050 (21%) FY 39^th : Common shares KRW1,000 (20%) Class 1 preferred shares KRW1,050 (21%) Class 2 preferred shares KRW1,100 (22%) Class 3 preferred shares KRW1,050 (21%)
III.Unappropriated retained earnings, end of year	53	25

Name	Date of Birth	Major Career	Transactions with company	Relationship with Major Shareholder
	Recommended by
Mong Koo Chung	1938-03-19	Honorary Chairman of the bidding committee for the 2012 Yosu Expo	n/a	Director
	BOD	Chairman of HMC (current)

Name	Date of Birth	Major Career	Transactions with company	Relationship with Major Shareholder
	Recommended by
Kwang Nyun Kim	1939-09-04	Member of mediation committee, Seoul Central District Court (current)	n/a	The outside director of an affiliate company (Hyundai Motor)
	Outside Director Nominee Recommendation Committee	Lawyer, Sam-Han law firm (current)

Year	Number of BOD	Limit of remuneration
2007	9 persons	10 billion Korean Won
2008	9 persons	10 billion Korean Won

Date of Meeting		Agenda	Name of External Directors (attendance rate)
			Kwang Nyun Kim (100%)	Dong Gee Kim (100%)	Il Hyung Kang (66.7%)	Young Chul Yim (66.7%)	Seon Lee (83.3%)	Park Byung Il (100%)
			For & Against
The 1^st General Meeting of BOD	January 25 2007	1. Approval of 2006 Financial statements. 2. Approval of 2006 Annual Report 3. Approval of 2007 Business Plan and Investment Plan 4. Approval of Convocation of the 39^th General Meeting of Shareholders and the Agenda 5. Approval of Transaction Limit with Major Shareholders and others 6. Approval of Issuance Limit of Corporate Bonds 7. Approval of guarantee on overseas subsidiary : KRW 200 million (HMA)	For	For	n/a	n/a	n/a	For
The 1^st Extra-ordinary Meeting of BOD	March 09 2007	1. Approval of appointment of Representative director (BOD Dong Jin Kim) 2.Approval of appointment of outside director nomination committee member (BOD Dong Jin Kim / BOD Dong Gee Kim) 3. Approval of Holding of more than one position in like or similar industry (BOD Dong Jin Kim) 4. Approval of establishment of Ethics Committee	For	For	For	For	For	n/a
The 2^nd Extra-ordinary Meeting of BOD	March 30 2007	1. Approval of issuance of Corporate Bond (total value of bond KRW 300 billion)	For	For	Absence	Absence	Absence	n/a
The 2^nd General Meeting of BOD	May 02 2007	1.Approval of composition of Ethics Committee 2. Approval of guarantee on overseas subsidiary : USD 400 million (HMFC) 3. Approval of overseas investment 4. Approval of overseas investment	For	For	For	For	For	n/a
The 3^rd General Meeting of BOD	July 26 2007	1. Approval of guarantee on overseas subsidiary : USD 100 million (HMMA) 2. Approval of change in BOD rules 3. Approval of Del egation to CEO 4. Approval of change in Audit Committee rules	For	For	For	For	For	n/a
The 3^rd Extra-ordinary Meeting of BOD	September 20 2007	1. Approval of purchase of treasury stock 2. Approval of disposal of treasury stock 3. Approval of transaction with affiliated company and others	For	For	Absence	Absence	For	n/a
The 4^th General Meeting of BOD	October 24 2007	1. Approval of Method of grant according to the exercise of Stock Option 2. Approval of transaction with affiliated company and others 3. Approval of equity investment in major shareholder and others 4. Approval of appointment of manager	For	For	For	For	For	n/a

Committee	Member	Details of activity
Committee	Member	Date of meeting	Agenda	Results
Outside Director Nominee Recommendation Committee	Kwang Nyun Kim Dong Gee Kim	2007 02-08	1. Recommendation of candidate for outside director 2. Recommendation of candiate for outside director to be a member of Audit Committee	Approval of original proposal
Audit Committee	Kwang Nyun Kim Dong Gee Kim Byung Il Park	2007 01-25	1. Report of 2006 Financial Results and Annual Report 2. Report of 2006 evaluation of management of internal Audit system 3. Report of appointment external auditor	Approval of original proposal
		2007 05-02	1. Report of 1Q 2007 Business results 2. Report of contract of non-audit work by external auditor	Approval of original proposal
		200 07-26	1. Report of 1H 2007 Business Results 2. Report of evaluation of management of internal Audit system	Approval of original proposal
		2007 10-24	1. Report of 3Q 2007 Business Results	Approval of original proposal

# of

persons

Approval amount

from AGM

Total

Payment

Average

payment

per

person

remarks

Outside Director

5 persons

10,000

433

* Byung Il Park, Outside director : resigned as of

March 08, 2007

* Il Hyung Kang, Young Chul Yim, and Seon Lee (3 persons), Outside directors : appointed as of March 09, 2007

prev: Shareholding of a Major Shareholder
next: Investment in Other Corporation

Back to the list

Notification and Details of the Convocation of Annual General Meeting of Shareholders

IR Map