Mobile Appliance, a KOSDAQ-listed company, is accelerating its future strategy by bringing in top experts in aerospace and science and technology.
The company said it held a board meeting on the 13th and disclosed that it decided to appoint key figures in national science and technology policy and aerospace as registered directors, including two former vice ministers of the Ministry of Science and ICT, a Seoul National University aerospace engineering professor and a former senior official from a national intelligence agency.
The newly appointed directors are Lee Sang-mok, former first vice minister of the Ministry of Science and ICT; Choi Jae-yu, former second vice minister of the ministry; Jeon Sang-hoon, a professor in the Department of Aerospace Engineering at Seoul National University; Kim Jong-su, former director at a national agency; and Moon Kyung-ju, a representative tax accountant at Wooridle Tax Corp.
The company said forming a science-and-technology-focused board that includes senior officials who oversaw government science, technology and satellite policy, along with aerospace specialists, is rare among listed companies in South Korea. Industry observers said the appointments appear to be a strategic move aimed at entering next-generation technology businesses.
A company official said the board overhaul was a strategic decision to move beyond its existing businesses and become an advanced technology company, adding that it plans to pursue new businesses step by step in areas including aerospace, advanced technology and global projects.
An industry official called it highly unusual to have both government science and technology policy figures and aerospace experts on the same board, saying it signals a strong intent to expand beyond its existing automotive electronics and IT solutions business into major new ventures such as satellite communications, AI-based advanced solutions, and space and aviation-related technology. The official said market attention to the company’s new-business strategy is expected to rise.
Separately, the company said its current management will be replaced at a regular shareholders meeting at the end of this month. It said it plans to strengthen an independent, professional manager-led management system based on an advanced governance structure that clearly separates the roles of major shareholders and management.
* This article has been translated by AI.
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