Page 5 - Corporate Program News Today

The landslide victory of the main opposition Democratic Party of Korea (DPK) in Wednesdays general elections is likely to dash many of the governments economic policy plans that require the National Assemblys approval for legislative revisions.

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A lower number of proposals were made by shareholders and added to the agenda during the general meetings of listed companies this year, research released Monday showed.

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Major financial groups plans to offer voluntary compensations over Hong Kong-tied equity-linked securities (ELS) are expected to impact their performance in the first quarter of this year, according to industry sources.

Financial Supervisory Service (FSS) Governor Lee Bok-hyun pledged to enhance Koreas appeal as an investment destination while simultaneously adopting a resolute stance against illegal and unfair practices among market participants.

The National Assembly elections on April 10 will be a make or break moment for President Yoon Suk Yeol.

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.

SK Telecom, KT and LG Uplus are facing continued pressure from the government to lower their customers monthly bill payments. However, according to industry officials and experts on Monday, concerns have been raised that such price cuts could lead to a reduction in their capacity to invest as well as decrease the overall level of industrial competitiveness.

Representatives of multiple international financial firms are scheduled to visit Korea this week, as interest grows in the governments recent launch of an initiative called the Corporate Value-up Program that aims to bolster the domestic stock market and attract more investments from overseas.