Korean Stock & Equity Research

Korean Equities/Dividend & Value-up

Since July 22, 2025, Korean directors have owed a fiduciary duty directly to shareholders, not just to the company itself — a change to Article 382-3 of the Korean Commercial Code that gives the Value-Up Program's shareholder-protection goals actual legal backing for the first time. The amendment passed the National Assembly on July 3, 2025, following an earlier presidential veto in April, and w..