- Activist investor Flashlight Capital Partners pushes for KT&G to spin off ginseng unit and appoint independent outside directors.
- South Korean companies are among the cheapest in the world with a price-to-book ratio of 0.85 times.
- Number of companies targeted by activist investors in Korea increased six-fold over the past three years to 47 in 2022.
- Domestic activist investors want to shake up Korea's corporate culture.
- Investor activism resonates with Korea's 14mn retail investors, who are warming to campaigns that target the 'Korea discount'.
New generation of activist investors smokes out South Korea’s undervalued companies
Campaign at tobacco maker underlines rise of funds taking on the old guard to unlock higher share prices
Song Jung-a
