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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.

Finance

KakaoBank appoints Kim Geun-su as inside director at shareholders meeting

KakaoBank said on Wednesday it held its 10th annual general meeting and approved key agenda items as proposed, including approval of financial statements and director appointments. The bank appointed Vice President Kim Geun-su as a new inside director and named former SGI Credit Information CEO Nam Sang-il as an outside director. It also passed items under the revised Commercial Act, including removing a clause excluding cumulative voting and introducing electronic shareholders meetings.

Games & Commerce

Netmarble holds 15th annual shareholders meeting; Bang Jun-hyuk reelected as inside director

Netmarble held its 15th annual general meeting of shareholders on March 26 at the G-Tower Convention Hall in Seoul’s Guro district. The company reported consolidated 2025 results, including sales of 2.84 trillion won and operating profit of 352.5 billion won. Shareholders approved eight agenda items as proposed, including revisions to the articles of incorporation, director and audit committee appointments, a capital reduction to cancel treasury shares, and revisions to executive retirement pay rules.