Shareholder activism appears to be losing steam in Korea, as evidenced by the general meeting of shareholders at several companies this year, contrary to expectations of an uptick in the influence of retail investors on corporate governance.
SK Telecom, KT and LG Uplus are facing continued pressure from the government to lower their customers monthly bill payments. However, according to industry officials and experts on Monday, concerns have been raised that such price cuts could lead to a reduction in their capacity to invest as well as decrease the overall level of industrial competitiveness.
Representatives of multiple international financial firms are scheduled to visit Korea this week, as interest grows in the government s recent launch of an initiative called the Corporate Value-up Program that aims to bolster the domestic stock market and attract more investments from overseas.
Fund managers have cited improvements in corporate governance, alongside diversified tech exposures, as factors driving an increased appetite for South Korean and Japanese equities in 2024. While t