What our voting record in South Korea says about gaps in corporate governance

The Corporate Value-up Program has raised hopes of a re-rating, but we believe the journey to improving corporate governance will be long and winding. In our previous blog we explained how Korea’s Corporate Value-up Program aims to dispel the Korean discount by improving corporate governance in the country.

In this blog we summarise the key themes that have emerged through our voting during recent AGM seasons, and the policies underpinning our voting actions. Together, these summarise our expectations on the areas where we believe corporate governance reform is needed in South Korea.