Outside Director — Audit Committee, Separate Election
South Korea·Semiconductors & Electronics·Posted 4 September 2026
KOSPI-listed electronics group above the KRW 2 trillion asset threshold
Actively sourcing
A demand profile the Exchange is actively sourcing against. The sponsor is not confirmed on this board, and we say so rather than implying a signed mandate. Registering interest puts you in front of the sponsor when the brief converts.
The problem this seat exists to solve
An outside director reaches the six-year cap under the Enforcement Decree, and the seat falling vacant is the separately elected audit-committee seat — where the largest shareholder's voting power is restricted, so the appointment turns on institutional support rather than on the founding family.
The remit
- Serve on a majority-outside audit committee chaired by an outside director
- Provide independent review of related-party transactions within the group structure
- Contribute to the board's response to the Corporate Value-up Programme
- Support the board's compliance with the single-gender prohibition and composition rules
What the sponsor will not compromise on
- Accounting, audit or capital-markets expertise at a listed company in any market
- Semiconductor, electronics or advanced-manufacturing sector understanding
- Credibility with international institutional shareholders, who effectively decide this seat
- English required; Korean an advantage, interpretation provided
Terms
- Engagement
- Three-year term within the six-year statutory cap at one company.
- Compensation
- KRW 70m – 90m a year, within the aggregate cap resolved by the general meeting.
- Cross-border
- No nationality or residency test applies. Apostilled identity documentation is required for the registry filing and is the most common cause of delay.
- Time commitment in this market
- Typically 8–12 board meetings a year plus committees; audit committees at large companies meet considerably more often than the Asian average.
Before you apply — South Korea
The Commercial Act imposes no nationality or residency test on a director. Language and board custom are the real barriers, and at the largest globally exposed issuers both are easing.
- Residency test
- None.
- Nationality test
- None.
- Work authorisation
- A non-resident outside director attending board meetings does not require a work visa. Executive and interim operating roles require a D-7 or D-8 visa depending on the structure.
- Tenure limit once appointed
- Six years at one listed company, or nine years counting service at affiliates in the same group — a hard limit set by the Enforcement Decree, and the shortest cap of any market on this Exchange.
Global ID Exchange
One registration. Every market your record travels to.
Registering against a single brief is fine. Registering once against your whole profile means you are read against every mandate that opens in the markets you can actually be appointed in — statutory, interim and advisory.