Shareholder activism
Shareholder activism
Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor
Mar 28, 2023 (Gmt+09:00)
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Shareholder activism
KT&G claims sweeping victory against activist funds
Activist funds such as Singapore-based Flashlight Capital Partners Pet. (FCP) on Tuesday failed to gain approval on almost all of their proposals mad...
Mar 28, 2023 (Gmt+09:00)
3 Min read -
Shareholder activism
Two global shareholder voting advisors oppose activist funds in S. Korea
Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended opp...
Mar 20, 2023 (Gmt+09:00)
1 Min read -
Shareholder activism
ISS, Glass Lewis urge shareholders to veto activist fund's requests on JB
Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial Group Co., a South Kor...
Mar 17, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
ISS supports Shinhan Financial Group chairman nominee
Proxy adviser Institutional Shareholder Services Inc. (ISS) is supporting the appointment of Shinhan Financial Group chairman nominee Jin Ok-Dong as ...
Mar 10, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
KT&G’s hidden saviors in activist fight: In-house funds
KT&G Corp., the world’s fifth-largest tobacco maker, will likely get support from in-house shareholders in a battle against activist funds ...
Mar 06, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
JB Financial refuses activist fund's request to increase dividends
South Korea’s JB Financial Group Co. has refused a local activist fund’s request to raise dividend payouts, stressing such a measure will...
Mar 03, 2023 (Gmt+09:00)
1 Min read -
Shareholder activism
Activist fund Tcha Partners calls for Namyang Dairy to buy back shares
Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of ...
Feb 27, 2023 (Gmt+09:00)
3 Min read -
Shareholder activism
S.Korea’s KT&G engulfed in lawsuit against activist funds
The world’s fifth-largest tobacco maker KT&G’s battle against activist investors intensified as a group of funds sued the South Korea...
Feb 24, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
KT&G potential target of aggressive activist shareholder
KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hedg...
Feb 22, 2023 (Gmt+09:00)
3 Min read -
Shareholder activism
Korea’s Hyundai Dept. Store drops holding company plan
South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conve...
Feb 10, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
Activist fund KCGI to sell Osstem stake to UCK, MBK Partners
Korea Corporate Governance Improvement Fund (KCGI), one of the country’s most aggressive shareholder activists, plans to sell its stake in Osst...
Feb 10, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
South Korean companies rattled by activist shareholders
South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisio...
Feb 06, 2023 (Gmt+09:00)
4 Min read -
Shareholder activism
KT&G refuses activist funds' call for ginseng biz spinoff
KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit whi...
Jan 27, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
K-pop label SM taps activist investor as board member
K-pop behemoth SM Entertainment Co. said on Jan. 20 it has decided to tap Lee Chang-hwan, the CEO of local activist fund Align Partners Capital Manag...
Jan 20, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
Activist fund nominates director candidates for KT&G
A Singapore-based activist fund has stepped up pressure on the world’s fifth-largest tobacco maker KT&G Corp. to reform governance and boos...
Jan 19, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
K-pop label SM to increase number of outside directors
South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing the board as part of...
Jan 16, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
Anda pushes for right to copy KT&G shareholder list
South Korea's Anda Asset Management Co. said on Tuesday it applied for an injunction Jan. 9 to view and copy the shareholders’ list of KT&G...
Jan 10, 2023 (Gmt+09:00)
2 Min read -
Shareholder activism
KT&G enlists Goldman Sachs to cope with shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, appointed Goldman Sachs as an advisor to improve corporate governance after a Singapor...
Nov 14, 2022 (Gmt+09:00)
1 Min read -
Shareholder activism
KT&G taps top-tier law firm to defend itself against shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, has appointed South Korea’s top-tier law firm Kim & Chang to take action aga...
Nov 03, 2022 (Gmt+09:00)
2 Min read -
Shareholder activism
Game publisher Com2uS buys $47 mn worth of SM Entertainment shares
South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment C...
Nov 01, 2022 (Gmt+09:00)
1 Min read -
Shareholder activism
Korea's underwear giant BYC asked to open accounting books
Insider trading without due process.This is what South Korea's Truston Asset Management, the No. 2 stakeholder of underwear giant BYC with 8.13%, has...
Nov 01, 2022 (Gmt+09:00)
1 Min read -
Shareholder activism
Singapore PE firm proposes KT&G spin off ginseng biz
A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a spi...
Oct 26, 2022 (Gmt+09:00)
2 Min read -
Shareholder activism
Shareholder activism gathers momentum in South Korea
Institutional investors gathered momentum for shareholder activism in South Korea not only to boost their values but also to improve corporate govern...
Sep 19, 2022 (Gmt+09:00)
2 Min read -
Shareholder activism
Delta Air increases stake in Hanjin KAL to back Chairman Cho
Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s larg...
Sep 05, 2022 (Gmt+09:00)
3 Min read -
Shareholder activism
Hanjin Group management rights feud resolved with aid of LX Group
LX Pantos, an LX Group affiliate, has acquired a 3.86% stake in Hanjin KAL Corp., the holding company of Hanjin Group.The LX Group is considered a ke...
Aug 29, 2022 (Gmt+09:00)
4 Min read -
Shareholder activism
Dongwon to adjust merger ratio under pressure from retail investors
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, is changing the merger ratio of its two major affiliates, accepting a ...
May 18, 2022 (Gmt+09:00)
3 Min read -
Shareholder activism
Naver emerges as Hanjin KAL’s white knight with stake purchase
South Korea’s online portal giant Naver Corp. has emerged as one of Hanjin KAL Co.'s key friendly shareholders, throwing its clout behind Chair...
Apr 17, 2022 (Gmt+09:00)
3 Min read -
Shareholder activism
US hedge fund urges SK to focus on share buybacks
US hedge fund Dalton Investments LLC has urged SK Inc., the holding company of South Korea’s SK Group, to focus more on share buybacks and canc...
Apr 08, 2022 (Gmt+09:00)
1 Min read -
Shareholder activism
Activist fund wins over K-pop pioneer at SM Entertainment annual meeting
South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-an...
Mar 31, 2022 (Gmt+09:00)
3 Min read
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