💨 Abstract

South Korea's leading presidential candidate, Lee Jae-myung, has vowed to revise the commercial act to eliminate the "Korea Discount," a phenomenon where South Korean companies trade at lower valuations compared to their global peers due to family-owned conglomerates prioritizing their interests over other shareholders. The legislation aimed at protecting minority shareholders was previously vetoed by the acting President Han Duck-soo.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖