An increasing number of South Korean startups are relocating their headquarters overseas and turning their organizations in South Korea into subsidiaries. Coupang accelerated this trend last year by going public in New York instead of South Korea, and Riiid is planning to do the same.In fact, this h
The Korea Exchange is planning to actively help unicorns go public in order to prevent them from opting for foreign stock markets instead of the South Korean market.Korea Exchange Chairman Sohn Byung-doo met with the CEOs of securities firms on April 29. “After Coupang, an increasing number of South
Honorary professor Choi Joon-seon at the Sungkyunkwan University Law School pointed out that the duty to report applied to those with large shareholdings needs to be adjusted to cover a shareholding of 3 percent or more instead of 5 percent or more so that adverse effects attributable to hedge fund
Korean Air Lines Co. is removing the first-class seats on 27 international routes beginning in June as part of its restructuring efforts to improve profitability.The company announced on May 1 that on the affected international routes, only two class seat options will be available -- prestige and ec
With South Korean companies, including Hyundai Motor Group, facing more management intervention from foreign activist hedge funds in the process of pushing for governance reform, listed firms are raising their voices to call for measures to protect their management rights.The Korea Listed Companies
The Korean political community and economic ministries are raising their voices to better protect managerial rights of Korean corporations as US activist hedge fund Elliott Management attempts to intervene in the management of the Hyundai Motor Group by demanding the adoption of cumulative voting. L
Professor Shin Jang-seup of the National University of Singapore pointed out that the conflict between Samsung C&T and Elliott Management is because of the Korean government’s anti-conglomerate policy, characterized by the most restrictive fair trade act in the world and complex procedures regarding
Deputy Prime Minister Choi Kyung-hwan’s new policy, characterized by spending 41 trillion won (US$39.6 billion) for deregulation, financial, and tax reform purposes, is adding to the anticipation for economic recovery.If monetary expansion follows in the form of the announcement of a tax reform plan