Investors oppose Korea's proposed poison pill

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KOREA - Institutional investors with a combined US$2.5trn in assets under management have written Korea's Ministry of Justice asking it to refrain from introducing anti-takeover measures known as poison pills into its Commercial Code.

In a December 14 letter to justice minister Lee Kwi-nam, the investors wrote: "As a matter of principle, we typically oppose poison pills because they are often used to shield management and protec...

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