Foreign Investment Promotion Act Archives

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 [...]

World Class Marina to Open in Busan

SEOUL, Dec. 3 (Korea Bizwire) – A Singapore marina resort operator is planning to build a world-class marina on the southeastern tip of the Korean peninsula, at the north port of Busan, Korea’s largest port city. The Busan Port Authority (BPA) announced on December 1 that the port operator is in discussions with SUTL, its Singapore [...]