POPA ReconMinister of Trade, Industry and Energy Kim Jeong-kwan publicly expressed his opposition to the payment of the so-called ‘N% operating…
Minister of Trade, Industry and Energy Kim Jeong-kwan publicly expressed his opposition to the payment of the so-called ‘N% operating profit performance bonus’ and announced that he was pushing for revisions to the Commercial Act and the Capital Markets Act to improve it. He said, “The owners of the company are the shareholders, and the investors who bear the risks are equivalent to them. However, shareholders and investors are actually left out of the performance-based pay debate.” He added, “Who would invest in a company that ignores the opinions of shareholders and investors, and who…
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