콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Government and Law Laws and Legislation

Print

The case for market for corporate control in Korea

Related Document
Frame of Image
  • The case for market for corporate control in Korea
  • Kim, Hwa-Jin
  • Seoul National University(BK 21 Law)


link
Title The case for market for corporate control in Korea
Similar Titles
Material Type Articles
Author(English)

Kim, Hwa-Jin

Publisher

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

Date 2008
Journal Title; Vol./Issue Journal of Korean Law:vol. 8(no. 2)
Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Laws and Legislation
Holding Seoul National University

Abstract

This Article offers an assessment of the preliminary evidence that the market for corporate control functions as a disciplinary mechanism for poor corporate governance in Korea. It analyzes SK Corporation’s fight against Sovereign Asset Management, contest for control over the Hyundai Group, KT&G’s fight against Carl Icahn, and LG Group and Carlyle’s proxy contest against Hanaro Telecom, together with relevant laws and regulations. These high-profile cases dramatically exemplified the role of takeovers in the improvement of the corporate governance of Korean companies, and brought about active policy discussions in respect of the market for corporate control and takeover defenses. This Article will also provide a quick overview over the provisions in draft new Korean Commercial Code related to the market for corporate control and takeover defenses, including squeeze-out, poison pills, and dual-class commons. (The rest omitted)