National Pension Service to decide whether to actively exercise shareholder rights over Korean Air
- 5 years ago
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?