South Korean companies are facing increasing shareholder activism with the government's recent push for improvements in corporate governance expected to fuel the trend, according to industry experts on Thursday. A report released Thursday by Diligent Market Intelligence, a solution from governance software provider Diligent, showed a record-high number of 77 companies headquartered in Korea were targeted by acti.
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The new protagonists of shareholder activism in Asia are millennials steeped in the local culture who are using that knowledge to take on the old guard.
SM Entertainment s management on Thursday raised a suspicion that the company s founder and former chief producer, Lee Soo-man, might have evaded taxes through his overseas private company as the management dispute between the two sides deepened.
A South Korean activist fund is calling for Hybe Co., the agency behind K Pop sensation BTS, to raise the price of its bid and offer to buy all shares.