Tag: activist fund

activist fund

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Don’t let activist funds hamper growth

A binge over today’s profits may please shareholders for now, but it can translate into a doom for both the company and its stakeholders in the future.

2024.3.13

Five activist funds call for Samsung C&T to up shareholder value at general meeting

Five activist funds demanded Samsung C&T raise cash dividends and cancel treasury stocks. The company plans to put the requests up for a vote at an annual shareholders meeting on March 15, the company said in a regulatory filing.

2024.2.15

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Samsung C&T headquarters in eastern Seoul [NEWS1]

Activist pressure sends Samsung C&T shares soaring

Shares of Samsung C&T have gained momentum, propelled by activist funds urging Korea's construction and fashion company to rectify a discount in its share price.

2023.12.14

JB Financial Group headquarters in Jeonju, North Jeolla [JB FINANCIAL GROUP]

JB Financial rejects proposal to increase dividend payout ratio

JB Financial Group's board rejected shareholder proposals from its second largest shareholder, including an increase of the dividend payout ratio.

2023.3.9

Kang Sung-boo, CEO of KCGI, speaks during an interview with the JoongAng Ilbo on Jan. 30 in his office in Yeouido, western Seoul. [KIM SUNG-RYONG]

Activist fund in Korea explains its Osstem surrender

Companies targeted by the funds include Osstem Implant, Korea's largest dental implant company. Behind the fierce battle is Kang Sung-boo, CEO of KCGI, the first domestic activist fund to challenge a chaebol.

2023.2.20

Align Partners Capital Management CEO Lee Chang-hwan speaks in an interview with the JoongAng Ilbo on Feb. 2. [JOONGANG ILBO]

Align Partners ending 'Korea discount' for fun and profit

Align Partners set off a storm in K-pop by asking all the right questions about the interference of a large shareholder in the management of SM Entertainment.

2023.2.13

LG Corporation spinoff savaged by U.S. shareholder

Whitebox Advisors has challenged a plan for LG Corporation to spin off a number of its businesses, saying that the move is designed to benefit certain individuals and would hurt the interests of shareholders.

2020.12.15