The attached article appeared in Activist Insight in the April 2019 issue, and is re-printed here with their permission.
Activist Insight
April 2019
Is South Korea ready to embrace shareholder activism? According to Activist Insight online, twelve Korean companies were publicly targeted in 2018 compared to two in 2017.
In February, Dalton Investments, a $3.5 billion U.S. investment firm that occasionally engages in activism, wrote a public letter to several Korean constituencies, including the government and the NPS, calling for steps such as lower taxes on dividends, active exercising of shareholder rights, and mandatory electronic voting. James Lim, a research analyst at Dalton who is spearheading the move, told Activist Insight Monthly the response from institutional investors and the government was positive but that it was too early to discern the true impact. He expects to meet with some government agencies to speak about the letter.
Read the full article here.