On March 19, 2019, James Lim, Senior Research Analyst at Dalton Investments, was quoted in The Korea Times, discussing Hyundai Home Shopping. “While the company has created significant value, this value has not been shared with minority shareholders,” he says. “Further, while long-term shareholders have suffered losses, management has seen its compensation remain stable or increase. Clearly, there is a lack of alignment of interest between that of management and that of all shareholders.”
The Institutional Shareholder Services (ISS) recently issued a relatively bad Governance Quality Score to Hyundai Home Shopping compared to other Korean companies covered by the ISS. The timing of this article corresponds with a letter sent to the company from Dalton Investments.
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