South Korea's shareholder activism revolution stuck in the slow lane

25 March 2019 00:00

Duration: 16:22

With Elliott rejected by Hyundai Motor shareholders and KCGI, Korea’s biggest activist fund, legally barred from seeking change at Hanjin KAL, it appears corporate governance will only advance at a pace dictated by Korea’s financial establishment.

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  • South Korea's shareholder activism revolution remains stuck in the slow lane
    South Korea's shareholder activism revolution remains stuck in the slow lane
    This year’s proxy voting season was supposed to be a watershed for South Korean corporate governance, with 11 companies targeted for activism, versus just two in 2018. But with Elliott rejected by Hyundai Motor shareholders and KCGI, Korea’s biggest activist fund, blocked from submitting proposals at next week’s Hanjin KAL vote, it appears activism in Korea will only advance at a pace dictated by Korea’s financial establishment.

Editorial Team

Laurel Henning Senior Correspondent

Laurel Henning

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and... Read more

View all posts written by Laurel Henning
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