CompaniesSouth Korean activist funds pick up steam on legal change
K-pop agency SM, other companies under pressure from homegrown investor groups
South Korean companies SM Entertainment and KT&G are among those that have drawn the attention of local activist investors. (Source photos by Reuters and AP)
KIM JAEWON, Nikkei staff writer
March 31, 2023 10:27 JST
Updated on March 31, 2023 15:40 JST
SEOUL -- Homegrown activist funds in South Korea are increasingly vocal as they target companies, including a major K-pop agency, with ambitious plans to alter corporate governance in a country where minority shareholders have often struggled to effect change.