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Operation of the Board of Directors

Composition of the Board of Directors (10 Members) – Article 11 of the Korea Veterans Health Service Act
  • Chairperson: Chief Director of the Korea Veterans Health Service
  • Standing Directors (3 members)
  • Non-Standing Directors (6 members)
    • Director General for Planning and Coordination and Director General for Welfare Promotion, Ministry of Patriots and Veterans Affairs
    • Director of Social Budget Review, Ministry of Economy and Finance
    • Two individuals with extensive knowledge and experience in the Corporation’s business areas
    • One executive from a related veterans’ or merit organization
Functions
  • Amendment of the Articles of Incorporation and Enactment or revision of various regulations
  • Establishment of management goals, business plans, budgets, and approval of financial statements
  • Acquisition and disposal of major assets
  • Major litigation and settlements
  • Other important matters related to the operation of the Corporation
Operation
  • Regular board meetings: February, October, and December
  • Extraordinary board meetings: Convened as necessary
Matters Requiring Approval From the Ministry of Patriots and Veterans Affairs After Board Resolution
  • Amendment of the Articles of Incorporation
  • Changes in the organization’s staffing levels, and remuneration for executives, employees, concurrent faculty members, and dispatched public officials
  • Business plans, budgets, and disposal of major assets
  • Borrowing of funds and other related matters