SM Entertainment Co., Ltd. announced that all ten candidates proposed by the Board of Directors were appointed, including Cheol-hyuk Jang, Chief Financial Officer (CFO) of SM Entertainment, Ji-won Kim, Head of the SM Entertainment Marketing Center, and Jung-min Choi, Head of the SM Entertainment Global Business Center as Inside Directors. Five candidates for Outside Director were appointed, including Kyu-shik Kim, Chairman of the Korean Corporate Governance Forum, Tae-hee Kim, Attorney at Pyeong San Law Firm, Jung-bien Moon, Professor at Korea University Business School, Seung-min Lee, Partner at Peter & Kim, and Sung-moon Cho, CEO of Chartmetrics, as well as the two new candidates for Non-executive Director, Chang-hwan Lee, CEO of Align Partners, and Yoon-joong Jang, EVP and Global Strategy Officer at Kakao Entertainment. SM's active Inside Directors as of March 31st decided to step down without serving consecutive terms to take responsibility for former Executive Producer Soo-man Lee's mismanagement of the Company.