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Shareholder activism in Korea : A review of how PSPD has used legal measures to strengthen Korean corporate governance

Related Document
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  • Shareholder activism in Korea
  • Kim, Jooyoung; Kim, Joongi
  • Seoul National University(BK 21 Law)


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Title Shareholder activism in Korea
Similar Titles
Sub Title

A review of how PSPD has used legal measures to strengthen Korean corporate governance

Material Type Articles
Author(English)

Kim, Jooyoung; Kim, Joongi

Publisher

[Seoul]:Seoul National University(BK 21 Law)

Date 2001
Journal Title; Vol./Issue Journal of Korean Law:vol. 1(no. 1)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Governance
Government and Law < Laws and Legislation
Holding Seoul National University

Abstract

Shareholder activism has recently begun to play a significant role in reshaping the corporate governance of Korean companies. The People’s Solidarity for Participatory Democracy (PSPD), a public interest group, has been at the forefront of leading shareholder activism in Korea. It is believed that PSPD’s initiatives will have a lasting influence on the Korean legal system governing corporate governance because for the first time, various minority shareholders’ rights that had remained dormant for most of Korea’s modern history have finally been utilized. This Article examines how those involved in shareholder activism in Korea have been able to use legal measures to improve corporate governance. It will primarily draw upon the experience of PSPD’s activities in recent years. This article will also examine the shortcomings that currently exist under the current legal system and will offer some possible regulatory and policy solutions.