Governance
ESG Data Reporting Scope and Notation Guidelines
- The scope of data encompasses the entire ESG performance of SK bioscience’s domestic worksites (Headquarters, R&D Center, Andong L HOUSE). We have included data on a consolidated basis for those limited ESG activities of our subsidiaries IDT Biologika and TEW Service, which are included in our consolidated financial statements since 2024.
- The level of reporting varies depending on the availability of information and operational status, and where consolidated basis data is included, the indicators have been noted in a separate footnote.
Board of Directors
Board composition
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Board composition1) | Executive directors (standing) | Persons | 2 | 2 | 2 |
| Outside directors | Persons | 4 | 3 | 4 | |
| Other non-executive directors | Persons | 1 | 1 | 1 | |
| Total | Persons | 7 | 6 | 7 | |
| Percentage of outside directors | % | 57.1 | 50.0 | 57.1 | |
| Diversity | Directors aged 30-50 | Persons | 0 | 0 | 0 |
| Directors over 50 | Persons | 7 | 6 | 7 | |
| Male | Persons | 6 | 6 | 7 | |
| Female | Persons | 1 | 0 | 0 | |
| Expertise of directors | Members with accounting/financial expertise within the Audit Committee2) | Persons | 1 | 1 | 1 |
| Outside directors/other non-executive directors with industry experience | Persons | 1 | 1 | 2 | |
| Effectiveness of board3) | Average attendance rate of outside directors | % | 98.0 | 100 | 99.1 |
| Minimum attendance rate | % | 80.0 | 92.8 | 85.7 | |
| Average attendance rate | % | 96.0 | 98.8 | 97.5 | |
- 1)Based on directors registered as of the end of reporting year
- 2)Number of directors with CFA, CPA, or accounting/finance background
- 3)Reflects the attendance of Mi-jin Jo, the former outside director (January 1, 2023 - December 5, 2023) at the 2023 Board meetings
Board Activities
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Board meetings | Board meetings held | No. | 15 | 14 | 17 |
| ESG-related issues reviewed | No. | 101) | 31) | 4 | |
| Outside directors' activities | Agenda items with objections or revision proposals | No. | 1 | 0 | 0 |
| Subcommittee meetings | ESG Committee | No. | 6 | 8 | 7 |
| Nomination and Compensation Committee | No. | 6 | 7 | 4 | |
| Outside Director Candidate Recommendation Committee | No. | 0 | 2 | 3 | |
| Audit Committee | No. | 10 | 8 | 6 | |
| Internal Transactions Committee | No. | 3 | 3 | 3 | |
- 1)Revised to correct a clerical error
Nomination and Compensation Committee
| Category | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total number of members | Persons | 3 | 3 | 3 |
| Outside directors | Persons | 2 | 2 | 2 |
| Attendance rate | % | 100 | 100 | 100 |
Outside Director Candidate Recommendation Committee
| Category | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total number of members | Persons | 3 | 3 | 3 |
| Outside directors | Persons | 3 | 3 | 3 |
| Attendance rate | % | 01) | 100 | 100 |
- 1)Attendance rate was 0 since there was no meeting for the Committee in 2022.
Audit Committee
| Category | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total number of members | Persons | 3 | 3 | 3 |
| Outside directors | Persons | 3 | 3 | 3 |
| Attendance rate | % | 100 | 100 | 100 |
Remuneration for CEO & Employee
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| CEO remuneration | Total annual compensation | KRW 1 million | 7,244 | 5,282 | 703 |
| Year-over-year change | % | 624 | -27 | -87 | |
| Ratio of CEO compensation to total annual compensation | % | 835 | 5.8 | 0.9 | |
| Change in ratio of CEO compensation to total annual compensation | % | 607 | -32 | -84 | |
| Employee remuneration | Total employees compensation (excluding CEO or equivalent positions) |
KRW 1 million | 81 | 86 | 80 |
| Change in compensation of all employees (excluding CEO or equivalent) |
% | 19 | 6 | -7 | |
Remuneration for Directors
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Average remuneration per person | Total1) | KRW 1 million | 2,570 | 1,555 | 293 |
| Executive directors | KRW 1 million | 7,245 | 5,234 | 812 | |
| Outside directors | KRW 1 million | 89 | 105 | 106 | |
| Other non-executive directors | KRW 1 million | 3,1432) | - | - | |
| Total remuneration | Total | KRW 1 million | 17,987 | 10,888 | 2,051 |
| Executive directors | KRW 1 million | 14,490 | 10,468 | 1,625 | |
| Outside directors | KRW 1 million | 354 | 420 | 426 | |
| Other non-executive directors | KRW 1 million | 3,143 | -3) | -3) | |
- ※Major remuneration items include salary, bonuses, and gains from stock option exercises.
- 1)Total payout of average remuneration per person = (total remuneration / total numbers of directors)
- 2)Gains from exercising stock options
- 3)No remuneration received
Business Ethics ∙ Compliance
Business Ethics Training
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Training completion rate | % | 99 | 99 | 99 | |
| Workshop | Training hours per employee | Hours | 1 | 1 | 1 |
| Participants | Persons | 861 | 807 | 896 | |
| Online training | Training hours per employee | Hours | 1 | 1 | 1 |
| Participants | Persons | 918 | 941 | 978 | |
Violation of Laws/Regulations
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Clinical trials in developing countries | Number of violations | Cases | 0 | 0 | 0 |
| Fine | KRW 1,000 | 0 | 0 | 0 | |
| Unfair business practices prohibited by competition and antitrust laws | Number of violations | Cases | 0 | 0 | 0 |
| Fine | KRW 1,000 | 0 | 0 | 0 | |
| Customer information protection | Number of violations | Cases | 0 | 11) | 0 |
| Fine | KRW 1,000 | 0 | 1,0001) | 0 | |
| Domestic marketing activities | Number of violations | Cases | 0 | 0 | 0 |
| Fine | KRW 1,000 | 0 | 0 | 0 | |
| Regulations regarding counterfeit products | Number of violations | Cases | 0 | 0 | 0 |
| Fine | KRW 1,000 | 0 | 0 | 0 | |
| Provision of product information | Number of violations | Cases | 0 | 0 | 0 |
| Fine | KRW 1,000 | 0 | 0 | 0 | |
| Product/service safety and health impacts | Number of warnings received | Cases | 0 | 0 | 0 |
| Number of fines or penalties received | Cases | 0 | 0 | 0 | |
| Number of self-regulatory violations | Cases | 0 | 0 | 0 | |
- 1)In 2023, we were subject to a fine for violation of the Personal Information Protection Act, which was omitted from the ESG Report at the time. This figure (as of 2024) reflects the correction, and we have improved the related management system to enhance the reliability and transparency of information.
Ethics Report / Consultation / Violation / Discipline (Consolidated)
| Category | Unit | 2022 | 2023 | 2024 | ||||
|---|---|---|---|---|---|---|---|---|
| Total | SKBS | IDT | TEW | |||||
| Status of ethical reports | Violations filed in reporting channels | Cases | 19 | 13 | 18 | 15 | 3 | 0 |
| Resolved cases out of total violations reported | Cases | 19 | 13 | 18 | 15 | 3 | 0 | |
| Percentage of resolved cases out of total reported | % | 100 | 100 | 100 | 100 | 100 | 0 | |
| Types of ethical violations | Unfair practices and abuse of power against business partners | Cases | 0 | 0 | 0 | 0 | 0 | 0 |
| Lack of respect among employees | Cases | 5 | 3 | 3 | 3 | 0 | 0 | |
| Discrimination or harassment | Cases | 1 | 0 | 1 | 1 | 0 | 0 | |
| Improper business practices | Cases | 10 | 8 | 11 | 8 | 3 | 0 | |
| Conflict of interest | Cases | 2 | 1 | 0 | 0 | 0 | 0 | |
| Undermining of social values | Cases | 1 | 0 | 1 | 1 | 0 | 0 | |
| Compliance violations | Cases | 0 | 1 | 2 | 2 | 0 | 0 | |
| Ethics-related disciplinary actions | Dismissal | Cases | 0 | 0 | 1 | 1 | 0 | 0 |
| Suspension | Cases | 6 | 2 | 1 | 1 | 0 | 0 | |
| Salary reduction | Cases | 11 | 1 | 4 | 4 | 0 | 0 | |
| Reprimand | Cases | 9 | 1 | 2 | 2 | 0 | 0 | |
| Warning (verbal/written) | Cases | 14 | 3 | 14 | 14 | 0 | 0 | |
| Others (unverifiable, dismissed) | Cases | 0 | 0 | 2 | 2 | 0 | 0 | |
Ethics Report / Consultation / Violation / Discipline (SKBS)
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Status of ethical reports | Violations filed in reporting channels | Cases | 19 | 13 | 15 |
| Resolved cases out of total violations reported | Cases | 19 | 13 | 15 | |
| Percentage of resolved cases out of total reported | % | 100 | 100 | 100 | |
| Types of ethical violations | Unfair practices and abuse of power against business partners | Cases | 0 | 0 | 0 |
| Lack of respect among employees | Cases | 5 | 3 | 3 | |
| Discrimination or harassment | Cases | 1 | 0 | 1 | |
| Improper business practices | Cases | 10 | 8 | 8 | |
| Conflict of interest | Cases | 2 | 1 | 0 | |
| Undermining of social values | Cases | 1 | 0 | 1 | |
| Compliance violations | Cases | 0 | 1 | 2 | |
| Ethics-related disciplinary actions | Dismissal | Cases | 0 | 0 | 1 |
| Suspension | Cases | 6 | 2 | 1 | |
| Salary reduction | Cases | 11 | 1 | 4 | |
| Reprimand | Cases | 9 | 1 | 2 | |
| Warning (verbal/written) | Cases | 14 | 3 | 14 | |
| Others (unverifiable, dismissed) | Cases | 0 | 0 | 2 | |
Risk Management
Information Security
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Information security training | Participants (Employees) | Persons | 895 | 1,020 | 1,034 |
| Participants (Employees of business partners) |
Persons | 66 | 106 | 109 | |
| Training hours per person | Hours | 2 | 2 | 1 | |
| Investment in information security | Share of information security investment in total IT budget | % | 17.9 | 16.6 | 17.8 |
| Amount invested in information security | KRW 1 million | 2,807 | 2,789 | 3,441 | |
| Total IT budget | KRW 1 million | 15,721 | 17,540 | 19,336 | |
| Customer data protection | Violations of customers data privacy | Cases | 0 | 1 | 0 |
| Complaints filed by external parties/whistleblowers and validated by institutions | Cases | 0 | 0 | 0 | |
| Complaints filed by data regulatory bodies/authorities | Cases | 0 | 0 | 0 | |
| Total amount of fines or penalties related to data security | KRW 1 million | 0 | 1 | 0 | |
| Number of customers affected by data breaches | Persons | 0 | 0 | 0 | |
Ownership Structure & Shareholders
Share Structure & Annual General Meetings
| Category | Unit | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Issued stocks | Total number of issued stocks | Shares | 76,784,046 | 76,827,750 | 78,347,293 |
| Number of voting stocks | Shares | 76,784,046 | 76,827,750 | 78,347,293 | |
| Number of non-voting stocks | Shares | 0 | 0 | - | |
| General meeting | Date of advance notice of regular general meeting location and agenda | Days (before) | 24 | 26 | 29 |
- ※In accordance with Shareholder Proposal Rights (Article 363-2, and 542-6 of the Commercial Act), any shareholder who owns 3% of the total number of issued stocks entitled to vote, or who has held 1% or more of the total number of issued stocks for six months prior to the date of the annual general meeting, may propose certain matters in writing or electronically at least six(6) weeks before the date of the year that is equivalent to the date of the previous annual meeting of shareholders. The Board of Directors shall consider the shareholder proposal as an item for the purpose of the general meeting, unless the content of the shareholder proposal violates laws or regulations or the Articles of Incorporation or falls under the grounds for rejection set forth in Article 12 of the Enforcement Decree of the Commercial Act. If requested by the shareholder proponent, the main content of the proposal shall be reflected in the convening notice, or the shareholder shall be given an opportunity to explain the proposal at the general meeting of shareholders.