(Korean Times) As global activist hedge funds are increasingly threatening local businesses, entrepreneurs are demanding the government provide them with shields such as poison pills and golden parachutes. According to business information provider Chaebul.com Monday, owner families of the country’s top 25 companies and their friendly forces held on average 43.23 percent stake. When excluding treasury stocks which lack voting rights, the figure falls to 38.86 percent. Small shareholders take up 30.3 percent, followed by foreign investors at 20.48 percent and the National Pension Service at 5.99 percent.
Korean Firms Vulnerable to Speculative Hedge Funds
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