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Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

SEOUL, July 7 (Korea Bizwire) – As Samsung Group and U.S. hedge fund Elliott Management are struggling over the merger between Cheil Industries and Samsung C&T, some are raising concern that Korean firms’ management rights should be defended from attacks by international hedge funds. They say that as the Korean economy has matured and its financial markets are [...]