Governance We build sustainable value through ethics and compliance.
Governance
Governance
Strengthening board independence and expertise
Hanwha Vision's Board of Directors includes two inside and three outside directors, ensuring balanced, expert decision-making across management, strategy, law, and finance.
The Board operates five committees - Audit, Compensation, Executive, Outside Director Candidate Recommendation, and ESG - and outside directors receive ongoing training and advisory support.
Board Composition
※ As of June 2026
Inside Director
-
Kim Ki-chul
CEO / Chairperson of the Board
Appointment Date: 2025.05.09
Board Term: 2 yearsCareer
- (Former) Head of Corporate Planning, Hanwha Vision
- (Former) Head of Hanwha Vision America
- (Former) Head of Sales & Marketing, Hanwha Vision
- (Current) CEO & Head of Global Sales, Hanwha Vision
-
Kim Hyun-seob
Appointment Date: 2026.03.24
Board Term: 3 yearsCareer
- (Former) Head of Business Planning, Hanwha Vision
- (Former) Head of Global Business Operation, Hanwha Vision
- (Current) Head of Management Support, Hanwha Vision
Outside Director
-
Lee Kyu-chul
Appointment Date: 2026.03.24
Board Term: 3 yearsCareer
- (Former) Judicial Researcher, Supreme Court
- (Former) Chief Judge, Wonju Branch, Chuncheon District Court
- (Current) Managing Partner, DR & AJU LLC
-
Kim Kwang-su
Appointment Date: 2026.03.24
Board Term: 3 yearsCareer
- (Former) Administrative Officer, Presidential Secretariat for Information and Communications
- (Former) Director, Industrial Policy Bureau, Ministry of Science and ICT
- (Current) Director, AI Convergence Institute, Sungkyunkwan University
-
Jung Su-mi
Appointment Date: 2026.03.24
Board Term: 3 yearsCareer
- (Former) Assistant Professor of Accounting, The Chinese University of Hong Kong
- (Current) Commissioner, Financial Services Commission
- (Current) Assistant Professor of Accounting, Yonsei University College of Business
Committees Composition
※ As of June 2026
Composition of Committees Under the Board
| Name of the Committee | Composition | Roles and Responsibilities | Establishment Date | |
|---|---|---|---|---|
| Inside Director | Outside Director | |||
| Compensation Committee (Chair: Kim Ki-chul) |
Kim Ki-chul | Lee Kyu-chul Jung Su-mi |
Reviewing the remuneration limit and compensation framework for registered directors | 2025.01.02 |
| Executive Committee (Chair: Kim Ki-chul) |
Kim Ki-chul Kim Hyun-seob |
- | Improving the timeliness and efficiency of management decision-making | 2025.02.21 |
| ESG Committee (Chair: Jung Su-mi) |
- | Jung Su-mi Lee Kyu-chul Kim Kwang-su |
Strengthening ESG management across environmental, social, and governance areas to achieve long-term, sustainable growth | 2026.02.05 |
| Outside Director Candidate Recommendation Committeee (Chair: Lee Kyu-chul) |
- | Lee Kyu-chul Kim Kwang-su Jung Su-mi |
Verifying the independence, diversity, and qualifications of candidates and recommending nominees for outside director positions | 2025.05.28 |
※ Separate disclosure of Audit Committee Composition
Independent audit function
Hanwha Vision operates an independent audit function to secure transparency and strengthen oversight. The Audit Committee consists entirely of three outside directors, including at least one expert in finance or accounting. The committee reviews the appropriateness and legality of decisions and management activities to enhance corporate integrity and value. Operating as a committee under the Board, it functions independently from both management and major shareholders.
Audit Committee Composition
※ As of June, 2026
Composition of Audit Committee
| Position | Name | Roles and Responsibilities |
|---|---|---|
| Chairperson of Audit Committee / Outside Director | Lee Kyu-chul | - Enhancing management transparency and independence - Conducting internal audits and management oversight |
| Outside Director | Kim Kwang-su | |
| Outside Director | Jung Su-mi |
Transparent and shareholder-focused governance
We promote democratic governance through electronic voting, analyst briefings, site visits, and transparent disclosure of financial and IR materials, ensuring fair access for all shareholders.
* NDR (Non-Deal Roadshow): investor relations meetings where the company shares its business vision, strategy, performance, and industry outlook with investors, without the purpose of fundraising.
Fair and transparent management
Hanwha Vision practices fair and transparent management through a strong ethics and compliance system. Our Code of Conduct and detailed compliance guidelines support responsible decision-making, while a dedicated compliance organization and committee oversee company-wide compliance efforts.
Through our Compliance Program (CP), we apply preventive controls across key risk areas, including fair trade, environment and safety, labor, intellectual property, and anti-corruption.
Hanwha Vision practices fair and transparent management through a robust ethics and compliance system. We view legal compliance and ethical conduct as essential foundations of sustainable management and strive to grow as a trusted and transparent company. Our Code of Conduct and detailed guidelines help employees make responsible decisions guided by ethical principles, while a dedicated compliance organization and committee oversee the company-wide compliance management system. Through our Compliance Program (CP), we implement preventive controls for major risk areas such as fair trade, environment and safety, labor, intellectual property, and anti-corruption.
We also operate confidential consultation and reporting channels that enable employees to raise concerns safely, with strict protection of their identity.
Supported by this structured system and transparent communication, Hanwha Vision became the first company in Korea's video surveillance industry to obtain ISO 37301 certification in July 2024, recognizing the strength of our compliance management.
ISO 37301 certification for compliance management system
Embedding ethics into daily practices
Ethics and compliance are reinforced through role-specific programs, Legal Day consultations, and Compliance Week, embedding integrity in everyday decision-making.
Responsible, sustainable supply chain
Hanwha Vision applies the same ethical and compliance standards across its supply chain and encourages partners to follow responsible sourcing practices. We strictly prohibit the use of materials containing minerals from conflict regions and reinforce our conflict-free mineral policy through supplier communication and training.
To ensure lawful and transparent international trade, we comply with all relevant export control regulations and operate the Strategic Goods Compliance Program under Korea's national export control authority.
Hanwha Vision is also certified as an Authorized Economic Operator (AEO)*, recognizing our compliance, financial reliability, and strong logistics and security practices. This certification affirms the stability and security of our global supply chain and supports safe, efficient delivery of products and services worldwide.
* AEO (Authorized Economic Operator) certification is granted to companies that demonstrate compliance, financial reliability, and strong logistics and security practices, ensuring safe and efficient international trade operations.
Systematic risk management
Hanwha Vision operates a company-wide risk management framework to identify potential risks early and respond quickly. Under CEO oversight, each department manages the risks most relevant to its operations, emphasizing prevention and prompt corrective action.
Financial risks—including accounting, taxation, disclosure, and financial controls—are continuously monitored by the Business Support Division to ensure transparency and reliability. Non-financial risks related to workplace safety, product quality, labor relations, and supply chain continuity are managed by dedicated teams to support stable, sustainable operations.
We also maintain an internal accounting control system to ensure the accuracy and transparency of financial reporting. The CEO and management annually report its effectiveness to the Board of Directors and shareholders, reinforcing accountability throughout the organization. All employees are encouraged to act with responsibility and integrity, supporting a corporate culture grounded in trust and transparency.
