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National Pension Service to decide whether to actively exercise shareholder rights over Korean Air

2019-02-01 2 Dailymotion

South Korea's biggest institutional investor is the National Pension Service.<br />And today it's deciding whether to actively exercise its right as a shareholder in the company that own's Korean Air, the nation's flagship carrier.<br />The NPS is the airline's second biggest shareholder.<br />Our Ko Roon-hee is on the line for us with more.<br />Roon-hee, what's the latest?<br /><br /> Hi Mark. <br />The National Pension Service on Friday will decide whether it will actively play a management role in Korean Air and Hanjin Kal, the holding company of Hanjin Group.<br />The pension service's Fund Mangagement Committee, chaired by the minister of health and welfare, is holding a meeting in Seoul as we speak... to decide if it needs to implement its stewardship role in the two companies.<br />This refers a set of principles intended to get investors to actively participate in corporate governance... to protect shareholders' interests.<br />Currently, the NPS is the second-largest shareholder of Korean Air with a 11-point-5-6 percent stake and the third-largest stakeholder of Hanjin Group's holding company Hanjin KAL with a stake of 7-point-34 percent.<br />That's all I have for now but I will bring more updates in our later newscast. Mark?<br />

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