Two months must have passed already, as the latest edition of the Invest Korea Journal comes out today. For non-subscribers, or those who cannot wait for their copy to arrive, view the Journal here.
Feature stories include:
- Visit Korea - A look at the nation’s plan to increase tourism
- Atomic Option - Nuclear technology emerges as a new growth engine for Korea
- Magic Carpet Ride - Korea explores opportunities for financing in the Islamic world
- Pushing the deregulatory agenda - How the Investment Ombudsman is working to quash regulations that burden foreign investors
- Perils of the poison pill - The Korean government considers poison pill legislation
Along with many other interesting articles related to living and investing in Korea.
With a revision of the law regarding the ‘poison pill’ takeover defense mechanism being passed earlier this week (see here), of particular interest to Korea M&A followers, will be the story ‘Perils of the poison pill’, by W. Andrew Ryu, of Lee International IP & Law Group -
One of the most hotly debated issues concerning merger and acquisition (M&A) last year was the announcement by the Ministry of Justice (MOJ) regarding the introduction of a “poison pill” provision in the Korean Commercial Code.
The official position of the Korean government is that there is a need for a workable and lawful hostile takeover defense scheme because the lack of clarity in this area has prompted large Korean companies to put aside sizeable capital — that would otherwise be allocated to more productive means — in anti-takeover reserve funds to counter potential hostile bids.
On the other side of the argument are foreign investors who claim that the introduction of a poison pill provision would not only result in eroding shareholder value, but would also add confusion and uncertainty into already opaque chaebol ownership and management systems… click here to continue reading.
About the Invest KOREA Journal –
Invest Korea Journal is the premier magazine for the promotion of investment into Korea. The periodical presents incisive perspectives on Korea’s economy, industry, trade, culture, and investment trends - information vital to any business aiming to maximize its potential in Korea.
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