Outside Director — Audit Committee, Separate Election

South Korea·Technology & Digital Platforms·Semiconductors & Electronics·Posted 12 July 2026

KOSPI-listed electronics group above the KRW 2 trillion asset threshold

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.

The full South Korea regime map

How this works

Every seat here is applied for by a certified director.

That is the whole difference. A sponsor reading applications from this Exchange knows the pool has been tested — which is why the briefs are real and why an application gets read. Five steps, and the first three are free.

1
Register — free
Read every brief, every regime map and both tools. Nothing is hidden behind the paywall and nothing ever has been. You can apply straight away — one application a fortnight.
2
Sit the assessment — free, about 30 minutes
15 judgement questions on statutory duty, your functional depth and cross-border practice. Sitting it costs nothing and you see your band and a gap report either way — so you learn something about your own standing whether or not you go further.
3
Pass, and you are certified — free, for 12 months
There is no fee to certify. A certified member applies to board, interim and advisory seats, one application a week. That alone is more than most directors act on in a quarter.
4
Then, if you want the rate — Foresight InfinityUS$250 a month
Your application is collated, verified against your profile and carried to the sponsor every week instead of waiting out the seat’s priority period — and we search for you rather than waiting for you to look. Foresight Infinity Plus, US$500 a month, is carried first, the moment it is matched, with a document written for that seat and your score attached.
Monthly only — there is no annual term on either. One payment a month; nothing renews on its own.
5
Your certificate and your membership are not the same thing
The certificate runs 12 months. A membership renews every month. If you stop paying you do not go back to the beginning — you keep the certificate you earned and return to one application a week until it expires.

Start the assessment — free The longer explanation →

Apply

GIDX-KR-0121 — Outside Director — Audit Committee, Separate Election

Global ID Exchange

One account. Every market your record travels to.

Registering is free and you can apply straight away — one application a fortnight. Pass the free assessment and you are certified for a year, with one application a week. Foresight Infinity (US$250 a month) raises that to one application a day and carries your applications ahead of free members; Foresight Infinity Plus (US$500 a month) carries them first, the moment they arrive.