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, Sept. 14 (Korea Bizwire) — The corporate value of more than 6 out of 10 firms in which South Korea’s state pension operator invests has risen since its introduction of the so-called stewardship code in late July, a report said Friday. The National Pension Service (NPS) adopted the stewardship code on July 30, which [...]
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 [...]
SEOUL, Sept. 27 (Korea Bizwire) – Hong Kong-based Oasis Management has become the first foreign investor to agree to follow Korea’s Stewardship Code since the policy was enacted in December last year. To agree to a nation’s Stewardship Code means that an institutional investor – an investment firm that manages people’s assets – agrees to [...]