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Corporate
Governance

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LOTTE rental is still transforming for
customer’s better life.

Lotte Rental is aiming to raise corporate value and maximize shareholder value under the management policy of transparent management by composing the board of directors and the committee.

Board Composition

  • CEO(Board Chair)

    Choi, Jinhwan

    Date of Appointment : 2023-03-23 (reappointment)

    Office Term : Until 2027 general shareholders meeting

    Major Career :

    • CEO of LOTTE RENTAL Co,.Ltd
    • Former CEO of SK Broadband Co,.Ltd
    • Former CEO of ADT CAPs Co.,Ltd
    • Former CEO of Hyundai Life Insurance Co.,Ltd
  • Inside Director

    Lee, Jangsup

    Date of Appointment : 2023-03-23 (reappointment)

    Office Term : Until 2027 general shareholders meeting

    Major Career :

    • Director of Planning Division,
      LOTTE RENTAL Co.,Ltd
    • Former Director of Finance Division,
      LOTTE RENTAL Co.,Ltd
  • Outside Director

    Yoo, Seungweon

    Date of Appointment : 2021.05.28 (reappointment)

    Office Term : Until 2026 general shareholders meeting

    Major Career :

    • Professor of Accounting,
      Korea University Business School
    • Former President of the Korea
      Accounting Association
    • Former Outside Director of KB Kookmin Bank
    • Former Assistant Professor,
      The Hong Kong University of Science and Technology
  • Outside Director

    Choi, Jeongwook

    Date of Appointment : 2024.03.26

    Office Term : Until 2026 general shareholders meeting

    Major Career :

    • President of BnH Tax Services Company
    • Former Commissioner, NTS Incheon Regional Office
    • Former Assistant Commissioner for National Census Bureau, NTS
    • Former Assistant Commissioner for Collection & Legal Affairs Bureau, NTS
  • Outside Director

    Park, Sookyung

    Date of Appointment : 2025-03-26

    Office Term : Until 2027 general shareholders meeting

    Major Career :

    • CEO of Duo information, inc
    • Former Policy Advisory Committee Member of the Seoul Metropolitan Government
    • Former Policy Advisory Committee Member of the MFDS
    • Former Non-Governmental Member of the Presidential Committee on Ageing Society and Population Policy
  • Outside Director

    Baek, Bokin

    Date of Appointment : 2025-03-26

    Office Term : Until 2027 general shareholders meeting

    Major Career :

    • Executive Advisor of KT&G Corporation
    • Former CEO of KT&G Corporation
    • Former Head of Manufacturing and R&D Division/ Head of Strategic Planning Division, KT&G Corporation
    • Former Head of Strategic Planning Division, KT&G Corporation
  • Other Non Executive
    Director

    Choi, Youngjun

    Date of Appointment : 2024-03-26 (reappointment)

    Office Term : Until 2027 general shareholders meeting

    Major Career :

    • Team Leader of Finance 2nd Team of LOTTE Corporation
    • Former Head of Shopping Finance Division, Distribution HQ, Lotte Group
    • Former Head of the Financial Supervisory Division, Lotte Shopping
    • Former Head of Finance 1nd Division, Lotte Shopping

Process of Electing Outside Directors

Board Evaluation

Evaluation Frequency

The board conducts an annual evaluation of its operations and those of its committees.

Evaluation Subjects, Method, Criteria

The evaluation criteria include Board Roles and Responsibilities, Board Structure, Board Operations, Committee, and Board Evaluation and Improvement.
The evaluation is carried out using a 5 point scale, where each outside director conducts a self assessment using a board evaluation diagnosis form.

Evaluation Results

Year of 2024

Overall Score Board Roles and Responsibilities Board Structure Board Operations Committee Board Evaluation
and Improvement
4.95 5 4.83 4.94 4.98 5

Board Committees

Committee Name Classification Appointment Date Office Term
Audit
Committee
Yoo,Seungweon
(Chairman)
Outside Director 2021-05-28 Until 2026 general
shareholders meeting
Choi, Jeongwook Outside Director 2024-03-26 Until 2026 general
shareholders meeting
Baek, Bokin Outside Director 2025-03-26 Until 2027 general
shareholders meeting
Outside
Director
Candidate
Nomination
Committee
Park,Sookyung
(Chairman)
Outside Director 2025-03-26 Until 2027 general
shareholders meeting
Baek, Bokin Outside Director 2025-03-26 Until 2027 general
shareholders meeting
Lee, Jangsup Inside Director 2023-03-23 Until 2027 general
shareholders meeting
Compensation
Committee
Choi,Jeongwook
(Chairman)
Outside Director 2024-03-26 Until 2026 general
shareholders meeting
Yoo, Seungweon Outside Director 2021-05-28 Until 2026 general
shareholders meeting
Park, Sookyung Outside Director 2025-03-26 Until 2027 general
shareholders meeting
ESG Committee Choi,Jeongwook
(Chairman)
Outside Director 2024-03-26 Until 2026 general
shareholders meeting
Park, Sookyung Outside Director 2025-03-26 Until 2027 general
shareholders meeting
Lee, Jangsup Inside Director 2023-03-23 Until 2027 general
shareholders meeting
Transparent
Management
Committee
Baek,Bokin
(Chairman)
Outside Director 2025-03-26 Until 2027 general
shareholders meeting
Yoo, Seungweon Outside Director 2021-05-28 Until 2026 general
shareholders meeting
Park, Sookyung Outside Director 2025-03-26 Until 2027 general
shareholders meeting

Major Activities of the Quarterly Board of Directors and Committees

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
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Refusal of Unauthorized Collection of Email Addresses

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We refuse to collect email addresses LOTTE rental Homepage refuses to collect posted email addresses without permission by using email collection programs or other technical devices, and criminal charges will be filed acording to the Act on Promotion of Information and communications Network Utilization and Information Protection, etc

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