Battle Royale For Korean Energy King

O'Leary, Christopher
November 2004
Investment Dealers' Digest;11/8/2004, Vol. 70 Issue 43, p35
Trade Publication
Reports on the conflict between South Korean oil refiner SK Corp. with some of its foreign shareholders despite the company's improved financial performance in 2003. Extraordinary general meeting of shareholders called by Sovereign Asset Management Ltd., a Monaco investment firm whose subsidiaries own a 14.9% stake in SK Corp.; Aim of the shareholders' meeting to propose two resolutions meant to redress a still-too-lax attitude in SK towards executive corruption; Direct attack against SK Corp. chairman Chey TaeWon, who was convicted of accounting fraud in 2003.


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