Search results for HiteJinro
Industry
Global ESG focus shifts to governance, South Korean companies face urgent response
The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.
General News
OB Beer, HiteJinro urge halt to Cheongju recycling sorting center construction
OB Beer and HiteJinro called for construction to be halted and fully reviewed on a planned living resource recovery center, a recycling sorting facility, in the Hyeondo general industrial complex in Cheongju, North Chungcheong Province. They said they could be forced to consider responses including closing or relocating their Cheongju plants if the project proceeds as it is. The companies cited concerns about odor, dust and bioaerosols and said procedures were insufficient.
Industry
Food industry enters AGM season as commercial act response and new growth drivers come into focus
South Korea\'s food industry has entered the season for annual general meetings, with governance restructuring and securing future growth drivers emerging as key themes. With the revised Commercial Act set to take effect, companies are moving to amend articles of incorporation and adjust board structures, while also putting forward agenda items including reappointment of owner executives and succession-related appointments. Firms are also accelerating diversification and overseas expansion by adding new business purposes and reorganising operations.
