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Ex-PM suggests anti-takeover measures for VCs, startups
Ex-PM suggests anti-takeover measures for VCs, startups
MarketsMay 6, 2021
Former Prime Minister Chung Sye-kyun on Thursday suggested implementing measures to protect management rights at local venture capital firms and startups, before expanding it to bigger companies. “Korea still lacks institutionalization of anti-takeover measures. I believe the country’s relatively short corporate history is the key reason behind the absence of a poison pill system and dual-class share system,” Chung said at a meeting with chief executive officers of listed fir