Intervention by Foreign Shareholders Becoming Reality at Blue Chip Firms

Korea Times (Seoul, Korea), June 22, 1999 | Go to article overview

Intervention by Foreign Shareholders Becoming Reality at Blue Chip Firms


Intervention by foreign investors in the management of blue chip companies is becoming a reality as their shareholding increases in the aftermath of rapid market liberalization.

According to business sources yesterday, their part in management decisions is naturally associated with the protection of investments by foreigners, but management is nevertheless disturbed.

In most cases, foreign investors are not seeking participation in management but these companies are having a difficult time making decisions concerning new rights offerings and business swaps.

Companies which are facing increasing influence from foreign investors are such blue chips companies as Samsung Electronics, SK Telecom, Samsung Display Devices and Dongwha Duty Free.

In the case of SK Telecom, its bid to issue new shares has run into difficulties after Tiger Fund, which owns about 15 percent of its shares, voiced its opposition.

Instead, the American investment house is demanding a liquidation of SK Telecom's stock and has asked for an extraordinary shareholders meeting, now scheduled for Aug. 27.

In addition to the issues involving stock, the shareholders meeting is expected to deal with the ouster of SK chairman Sohn Kil-seung as a director of the company, thus making it that much more sensitive.

Over at the Samsung camp, both Samsung Electronics and Samsung Display Devices are holding back from volunteering to absorb a portion of the debts of Samsung Motors, in which they have a combined shareholding of 88 percent, due to complaints from foreign investors.

Industry analysts are quick to point out that the takeover of Samsung Motors by Daewoo Motors would have proceeded much more smoothly if foreign shareholdings at the two firms were less.

While others argue that the delay in the decision to absorb portions of the debts of Samsung Motors is not entirely due to foreign investors, since its board of directors is well represented by minority shareholders, it has certainly played a significant role. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Intervention by Foreign Shareholders Becoming Reality at Blue Chip Firms
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.