- 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'.
Financial Times — Companies — Activist Investors — Asia-Pacific Companies — South Korean Business & Finance — Financial Services
New generation of activist investors smokes out South Korea’s undervalued companies
Activist investors are targeting undervalued South Korean companies such as KT&G, leading to shareholder activism in the country's $2tn stock market.