SEOUL, Dec. 27 (Korea Bizwire) — South Korea on Friday approved proposed guidelines for shareholder activism by the country’s largest state pension fund, paving the way for the fund to press companies it holds stakes in to dismiss board members over breach of trust and other illegal activities. “The guidelines are part of efforts to [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will soften corporate disclosure rules to make shareholder activism more active. Under the 1991 rule, if an investor who owns 5 percent or more of shares of a listed firm buys or sells more than 1 percent of stocks in the company, [...]
SEOUL, Mar. 27 (Korea Bizwire) — Korean Air Lines Co. shareholders’ decision to oust Chairman Cho Yang-ho from the company’s board is expected to further stimulate shareholder activism in Asia’s fourth-biggest economy, market watchers said Wednesday. Shareholders of the national flag carrier voted against an extension of Cho’s tenure as representative director in a landmark [...]
SEOUL, Mar. 25 (Korea Bizwire) — In this year’s season of shareholders’ meetings, shareholder proposals made by activist funds are being rejected one after another, leading many to retract from their original expectation that shareholder activism would make a strong impact on corporate management. At the shareholders’ meetings for Hyundai Motor Co. and Hyundai Mobis [...]