Small firms become prime targets of management disputes in Korea

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The story "Small firms become prime targets of management disputes in Korea" was covered 16 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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Small firms become prime targets of management disputes in Korea - Korea Economic Daily

Quick Summary:

With the rise of activist funds and buyout firms, a higher number of South Korean companies have become targets of unwanted hostile takeover attempts, or have been entangled in management fights, as is in the case of Korea Zinc Inc.

Small and medium-sized enterprises (SMEs) accounted for the majority of disputes over corporate management control in South Korea last year, with the number of cases up 18.4% from the year prior, according to the Korea Chamber of Commerce and Industry (KCCI).

The number of public disclosures related to fights for management control, including legal battles, reached 315 involving 87 listed companies in 2024, said a KCCI report released on Monday.