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Oct 31, 1998

Rights issues

Korean chaebols are being forced to improve shareholder rights

Korea is going through a rapid metamorphosis as the market reform process moves into high gear. Shareholder rights are near the top of the agenda for frustrated investors. In the past, few would dare challenge the direction of Korea's massive conglomerates, its chaebols. The management teams of these all-powerful companies did what they liked and virtually ignored shareholders. However, they are now being dragged kicking and screaming into a new era. In a landmark case for minority shareholder

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