SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
SEOUL, Aug. 20 (Korea Bizwire) — Major foreign institutional investors remain wary of South Korea’s recent corporate governance reforms, citing a legacy of reversals and unmet expectations, according to feedback gathered by the Korea Corporate Governance Forum during investor meetings in Hong Kong and Singapore this month. Forum Chair Lee Nam-woo, speaking at a press [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korea’s state pension fund operator will push for actively exercising its rights as major shareholders of invested firms to promote the interests of subscribers in the mid and long term, a report showed Tuesday. In July last year, the welfare ministry and the National Pension Service (NPS) commissioned [...]