Investors Turn to Korea Shareholder Meetings for Stocks Revival

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000South Korea’s corporate reform drive faces a crucial test as shareholder meeting season enters full swing, with investors demanding concrete steps to revive a world-beating stock rally.More than 2,000 companies, from Samsung Electronics Co. to Hyundai Motor Co., will hold meetings this month, according to Korea Securities Depository data, as they confront a wave of shareholder proposals and activist campaigns spurred partly by President Lee Jae Myung’s governance reform drive. Around 60 shareholder proposals have been submitted this year, Bloomberg Intelligence’s data show — modest versus last year but above 2021, 2022 and 2024 levels.