[Mandatory Tender Offer Debate and ‘Korea Discount’]

The debate over Korea’s mandatory tender offer system is gaining momentum as policymakers consider amendments to the Capital Markets Act.

While the proposed reform is intended to strengthen minority shareholder protection and address the “Korea Discount,” an important policy question remains: Should the tender offer obligation stop at majority control, or require the acquisition of all remaining shares?

In this special edition, GR Korea examines the competing policy approaches, the legislative landscape, and what businesses and investors should watch as the debate develops.

The full newsletter is available below.