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KT&G triumphs over activist funds

Korea Tobacco & Ginseng Corporation (KT&G) management has succeeded in defending itself from activist fund investors demands at its annual shareholders meeting earlier this week. The tobacco companys shareholders voted down all proposals suggested by activist funds, except their agenda item calling for quarterly dividends.
South Korea Taejon Gwangyoksi National Pension Service Korea Tobacco Ginseng Corporation Human Resources Development Institute In Daejeon Baek Bok In

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JB Financial, KT&G brace for proxy fights at shareholders' meetings

More than seven out of 10 listed Korean companies are set to hold annual shareholders meetings throughout this week and market watchers are paying particular attention to JB Financial and KT&G, whose annual meetings are expected to become the settings of proxy fights initiated by activist funds. JB Financial Group is facing a showdown in a proxy battle with Align Partners, a local activist fund, at its annual shareholders meeting on Thursday. Align Partners is the financial giants second-largest...
South Korea Cholla Bukto Ch Ungch Ong Bukto Cholla Namdo Taekwang Industrial Co Jeonbuk Bank

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