Shareholders rejected Park Chul-whan bid to get on the board of Kumho Petrochemical at an annual general meeting in central Seoul on Friday, along with his proposal to increase the dividend by almost ten times.
Hanjin Group Chairman Cho Won-tae has been reappointed a director of Korean Air Lines despite the disapproval of the National Pension Service (NPS), a major shareholder.
SK Telecom, Korea's largest wireless carrier, said Thursday it will revamp its governance structure this year in a way that boosts shareholder value.
Emart is seriously considering the acquisition of eBay Korea, according to CEO Kang Heui-seok on Wednesday.
Glass Lewis, an American proxy advisory, sided with Kumho Petrochemical senior vice president Park Chul-whan in an ongoing dispute against the company’s chairman over management control.
Eastar Jet’s shareholder meeting scheduled for Friday has been delayed as the acquirer of the airlines has failed to make necessary appointments.