SOUTH KOREA
Former executive Park Chul-wan’s efforts, alongside those of an activist fund, to sway the company’s strategic direction have met with minimal support, illustrating the challenging dynamics at play within corporate governance and shareholder rights in South Korea’s petrochemical sector. This struggle for control, set against the backdrop of a family dispute over the leadership of … 더 읽기
On March 22, the Korea Ratings Agency made a pivotal decision to downgrade Shinsegae Construction’s unsecured bond credit rating from A (Negative) to A- (Stable). This move also saw a decrease in the company’s commercial paper (CP) rating from A2 to A2-. The downgrade stems from a combination of significant operational losses, lackluster sales performance, … 더 읽기
In a significant shift towards second-generation management, Samjin Pharmaceutical, a renowned name in the pharmaceutical industry, has officially announced the induction of the founders’ descendants into its board, marking a notable transition in its corporate governance. The recent shareholders’ meeting saw the approval of key appointments that underscore the company’s commitment to blending legacy with … 더 읽기
