POPA Recon[Korean Economy] [Exclusive] "It is illegal to distribute operating profit without a shareholders' meeting"...protect shareholder value
[Korean Economy] [Exclusive] "It is illegal to distribute operating profit without a shareholders' meeting"...protect shareholder value • The government is pushing for a plan to make it mandatory for companies to pay n% of operating profit incentives through a resolution at the general shareholders' meeting. • Samsung Electronics and SKHynix agreed to pay about 10% of their annual operating profit as incentives, which spreads similar demands across the industry. • Kia and HD Hyundai Heavy Industries The union demands that 30% of last year's operating profit be paid as incentives, and the un…
The excerpt is quoted from a public Telegram channel, which owns its text.