National Pension Service to decide whether to actively exercise shareholder rights over Korean Air
South Korea's biggest institutional investor is the National Pension Service.
And today it's deciding whether to actively exercise its right as a shareholder in the company that own's Korean Air, the nation's flagship carrier.
The NPS is the airline's second biggest shareholder.
Our Ko Roon-hee is on the line for us with more.
Roon-hee, what's the latest?
Hi Mark.
The National Pension Service on Friday will decide whether it will actively play a management role in Korean Air and Hanjin Kal, the holding company of Hanjin Group.
The pension service's Fund Mangagement Committee, chaired by the minister of health and welfare, is holding a meeting in Seoul as we speak... to decide if it needs to implement its stewardship role in the two companies.
This refers a set of principles intended to get investors to actively participate in corporate governance... to protect shareholders' interests.
Currently, the NPS is the second-largest shareholder of Korean Air with a 11-point-5-6 percent stake and the third-largest stakeholder of Hanjin Group's holding company Hanjin KAL with a stake of 7-point-34 percent.
That's all I have for now but I will bring more updates in our later newscast. Mark?
And today it's deciding whether to actively exercise its right as a shareholder in the company that own's Korean Air, the nation's flagship carrier.
The NPS is the airline's second biggest shareholder.
Our Ko Roon-hee is on the line for us with more.
Roon-hee, what's the latest?
Hi Mark.
The National Pension Service on Friday will decide whether it will actively play a management role in Korean Air and Hanjin Kal, the holding company of Hanjin Group.
The pension service's Fund Mangagement Committee, chaired by the minister of health and welfare, is holding a meeting in Seoul as we speak... to decide if it needs to implement its stewardship role in the two companies.
This refers a set of principles intended to get investors to actively participate in corporate governance... to protect shareholders' interests.
Currently, the NPS is the second-largest shareholder of Korean Air with a 11-point-5-6 percent stake and the third-largest stakeholder of Hanjin Group's holding company Hanjin KAL with a stake of 7-point-34 percent.
That's all I have for now but I will bring more updates in our later newscast. Mark?
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