South Korean activist funds pick up steam on legal change

K-pop agency SM, other companies under pressure from homegrown investor groups

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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

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.

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