Korea feared to lose $109 bil. if financial investment income tax goes into effect koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Hyundai Motor Group has become the largest shareholder of the nation's telecom giant, KT Corp. a rare move that is driving speculation about the carmaker's investment strategy and the possible impacts on KT's business direction. The change came as the National Pension Service, previously the largest shareholder of KT, sold some 2.88 million shares on March 20, lowering its stake to 7.51 percent from.
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.
Despite South Korea s remarkable economic progress over the past decades, major companies here are still grappling with the weight of the so-called Korea discount in the stock market, a phenomenon where their equities are undervalued compared to global peers.
"Laying the Foundation to Move Forward to a Fan and Shareholder-centric Global Entertainment Company" - SM shareholders approve all Board proposed agendas.