Nascent Stages of Corporate Governance in an Emerging Market: Regulatory Change, Shareholder Activism and Samsung Electronics

12 Pages Posted: 18 Nov 2002

See all articles by Hasung Jang

Hasung Jang

Korea University - Department of Finance

Joongi Kim

Yonsei Law School / College of Law

Abstract

The dynamic state of corporate governance in an emerging market is discussed through an in-depth case study of Korea's Samsung Electronics Corporation (SEC). This paper covers the influence upon SEC's corporate governance of recent regulatory changes and the efforts of the People's Solidarity for Participatory Democracy's (PSPD), a young but influential minority shareholder activist group. It will show that corporate leaders from Korea are slowly gaining an understanding of the importance of corporate governance, but that for a variety of reasons they still remain reluctant participants, unable and unwilling to change effectively.

Keywords: Shareholder activism, Korea, emerging market, legal reform, chaebol

Suggested Citation

Jang, Hasung and Kim, Joongi, Nascent Stages of Corporate Governance in an Emerging Market: Regulatory Change, Shareholder Activism and Samsung Electronics. Corporate Governance: An International Review, Vol. 10, pp. 94-105, 2002. Available at SSRN: https://ssrn.com/abstract=312106

Hasung Jang

Korea University - Department of Finance ( email )

Seoul, 136-701
United States

Joongi Kim (Contact Author)

Yonsei Law School / College of Law ( email )

50 Yonseiro
Seodaemungu
Seoul, 120-749
Korea, Republic of (South Korea)
82-2-2123-4181 (Phone)

HOME PAGE: http://lawschool.yonsei.ac.kr

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