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Companies

Hyundai set for clash with Elliott over dividend and directors

Automaker's annual meeting will be key moment for shareholder activism

Hyundai's annual meeting is being regarded as a watershed moment for shareholder activism in South Korea.   © Reuters

SEOUL -- Hyundai Motors is bracing for a showdown with activist investor Elliott Management over dividends and a board revamp at its annual meeting on Friday, in what is being regarded as a watershed moment for shareholder activism in South Korea.

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