In focus: Korea NPS sets an example in shareholder activism
A refusal to extend the term of a CEO in a telecom company, in which NPS is the largest shareholder, highlights how the Korean pension fund is seeking to encourage better governance standards in the companies it invests.
This is a new series that will feature an in-depth look at recent developments around an asset owner in the region.
Korea's National Pension Service has embarked on a more assertive shareholder approach, as its actions in a recent top executive hiring process at a major Korean corporation shows.
Seo Won-joo, NPS
On February 23, Korean telecom giant KT’s CEO Ku Hyeon-mo decided not to seek a second term after its biggest shareholders, and especially NPS, demanded a more …
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