Commercial Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investegate announcements from Annual Report and Audited Financial Statements for the year ended 31 December 2023

WEISS KOREA OPPORTUNITY FUND LTD.LEI 213800GXKGJVWN3BF511  ...

Listed companies will now be required to share thorough details of shareholder proposals they receive and actions taken in order to proceed with proposals to investors in their regular public disclosures, financial authorities announced Thursday.

The upcoming regular shareholders meeting season starting next month is expected to see a rise in the number of proxy contests due to the increased activity of various activist funds and minor shareholders submitting shareholder proposals. This trend also corresponds with the government's recent focus on enhancing the corporate valuation of domestic companies in stock markets.

Weak investor protection and poor corporate governance are the key causes of the so-called 'Korea discount,' according to a famed professor of finance at Seoul National University who has long delved into the matter. The Korea discount refers to the unique characteristic of the Korean stock markets where listed companies' shares are traded at prices lower than their fundamentals.