outside director Archives | Be Korea-savvy

Hyundai Mobis Names Outside Director for Shareholders’ Rights

SEOUL, Feb. 14 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Friday named an outside director dedicated to enhancing shareholder value. Hyundai Mobis’ board of directors has appointed financial expert Jang Young-woo, a former head of UBS financial firm in Seoul, as [...]

Financial Firms Prefer Ex-officials for Outside Directors

SEOUL, March 30 (Korea Bizwire) — South Korea banks and other financial companies have hired former government officials to fill some 30 percent of outside director positions, industry data showed Monday, amid criticism that outside directors are not living up to their roles. According to the data compiled by CEO Score, the number of outside [...]