Korean investors’ lip service to corporate governance

A month after a financial scandal involving South Korea’s largest public pension fund helped topple its president, the country’s institutional investors remain uncommitted to corporate governance. The Korea Times reports that, according to the Daishin Corporate Governance Institute, 112 domestic institutional investors voted against just 563, or 2.8%, of 20,169 issues raised at general shareholders meetings this year. That percentage was well below the 20.9% it argued that they sh…