Young-Soo Choi
About Young-Soo Choi
Independent director (appointed June 10, 2025), age 54. Certified tax accountant with 40+ years across taxation, auditing, and public finance; 24 years with the Korean National Tax Service. Currently Managing Tax Accountant at Hana Tax Corporation (since July 2024); previously Managing Tax Accountant at Able Tax Corporation (Dec 2015–Jan 2024). Designated an “audit committee financial expert” upon appointment and chairs the Nominating & Governance Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hana Tax Corporation | Managing Tax Accountant | Jul 2024–present | Tax advisory; internal controls expertise |
| Able Tax Corporation | Managing Tax Accountant | Dec 2015–Jan 2024 | Tax advisory; financial transparency focus |
| Korean National Tax Service | Tax/Public Finance Official | 24 years | Public finance, auditing, taxation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Various corporations (not named) | Audit committee member | Not disclosed | Served as audit committee member at several corporations |
Board Governance
| Governance Area | Details |
|---|---|
| Independence status | Appointed as an independent director |
| Committee assignments | Audit Committee (member); Compensation Committee (member); Nominating & Governance Committee (Chair) |
| Financial expert designation | Determined to qualify as the audit committee financial expert |
| Appointment date | June 10, 2025 |
| Attendance | Not yet disclosed (mid-year appointee) |
| Executive sessions | Not disclosed |
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Director cash retainer | Not disclosed | Appointment 8-K did not provide compensation terms |
| Committee chair/member fees | Not disclosed | Company has stated plan to implement annual cash retainer and/or stock options with additional retainers for committee chairs; specifics not provided |
| Other cash (meeting fees, perquisites) | Not disclosed |
Performance Compensation
| Instrument | Grant date | Shares/Value | Vesting | Performance metrics |
|---|---|---|---|---|
| Equity awards (RSUs/Options/DSUs) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
- Company’s 2022 Omnibus Incentive Plan permits options, RSUs, other stock-based and cash awards; includes clawback, no option/SAR repricing without shareholder approval, and independent oversight by the Compensation Committee .
- No director-specific equity grants or performance metrics for Mr. Choi are disclosed to date .
Other Directorships & Interlocks
| Company | Role | Committee roles | Interlocks/Notes |
|---|---|---|---|
| None disclosed | — | — | Biography notes audit committee service at several corporations but does not name public company boards |
Expertise & Qualifications
- Certified tax accountant; deep experience in taxation, auditing, and public finance (24 years at Korean National Tax Service) .
- Internal controls and financial transparency background; designated audit committee financial expert at YOSH .
- Corporate governance leadership as Chair, Nominating & Governance Committee .
Equity Ownership
| Item | Status |
|---|---|
| Beneficial ownership | Not disclosed; not listed in the April 22, 2025 beneficial ownership table (appointment occurred afterward) |
| Vested/unvested equity | Not disclosed |
| Pledged shares | Not disclosed |
| Section 16 filings | Not discussed in appointment filing; no holdings disclosed in cited documents |
Related Party Transactions (Conflicts)
- Appointment 8-K states no arrangements/understandings related to the appointment and no transactions requiring disclosure under Item 404(a) (related party transactions) for Mr. Choi .
Governance Assessment
- Positives
- Independence and financial expertise: Named an independent director and audit committee financial expert, which strengthens financial oversight .
- Governance leadership: Chairing Nominating & Governance aligns with his controls and compliance background .
- No related-party ties disclosed upon appointment, reducing immediate conflict risks .
- Watch items / Context
- Board and leadership turnover: June 2025 brought CEO/CFO changes and multiple board adjustments, elevating governance execution risk during transition .
- Control dynamics: Special proxy proposed shifting Class B control thresholds from founder to BS1 Fund and contemplated change-in-control/share issuance, indicating an evolving control structure that can test board independence and effectiveness .
- Compensation opacity: No disclosed director pay details yet; the company previously indicated plans for director retainers and potential equity, but specifics are not public, limiting pay-for-performance evaluation at this time .
Bottom line: Mr. Choi brings credible tax, audit, and internal control credentials and immediately holds key governance roles (Audit member, N&G Chair, Comp member). The broader YOSH control and leadership transitions heighten the importance of his independence and committee effectiveness in safeguarding investor interests during the company’s restructuring and potential change-of-control processes .