Elliott Management Archives | Be Korea-savvy
Hyundai Outlines 5-year Investment Plan for Growth

Hyundai Outlines 5-year Investment Plan for Growth

SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Wednesday outlined a massive five-year investment plan centered on research and future vehicle technologies and underlined the need to maintain sufficient liquidity to guarantee growth. The announcement comes a day after U.S. activist investor Elliott Management demanded Hyundai Motor [...]

Elliott Management May Butt Heads with Hyundai over Outside Director Appointment

Elliott Management May Butt Heads with Hyundai over Outside Director Appointment

SEOUL, Feb. 27 (Korea Bizwire) – U.S. activist fund Elliott Management has begun to put pressure on Hyundai Motor Co. by recommending an outside director and demanding a higher yield. A shareholder in both Hyundai Motor and Hyundai Mobis Co., Elliott Management exercised the right of shareholder’s proposal to recommend a new outside director. However, the two [...]

Foreign Investors See Opportunity in Local Bourse

Foreign Investors See Opportunity in Local Bourse

SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]

Hedge Fund’s Demands of Hyundai “Unfair”

Hedge Fund’s Demands of Hyundai “Unfair”

SEOUL, Apr. 27 (Korea Bizwire) — Kim Sang-jo, the director of the Fair Trade Commission, in response to American activist fund Elliott Management Corp.’s call to restructure Hyundai Motor Group, stated that “following such demands would be going against antitrust laws.” Kim also said that Elliott’s demands were “unfair” during the Asia Future Enterprise Forum [...]