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Why now

Korea's governance reset is the most consequential in a generation

Korean governance has never moved faster — or been harder to read from the outside. We translate it into clear voting decisions your team can act on.

A sweeping legislative wave — the Commercial Code amendments, mandatory cumulative voting, and the Value-Up Program — is reshaping how Korean companies are governed and how global capital engages with them. For asset managers without deep local expertise, navigating this moment is harder than ever.

2024
FSS enforcement
Mandatory proxy vote submission and Stewardship Code compliance for all asset managers
Jul 2025
Commercial Code
Directors' duty of loyalty extended to all shareholders — Korea's most significant minority protection reform
Aug 2025
Cumulative voting
Mandatory for KRW 2T+ companies; expanded audit committee separate election rules
Feb 2026
Value-Up tax rules
High-dividend companies must disclose Value-Up plans to retain tax benefits
Sep 2026
New rules live
Independent director ratio rises to 1/3; hybrid AGMs mandated for large companies

Why academic advisory is different
Research-grade independence

Recommendations built on peer-reviewed governance frameworks, free from commercial incentives or index inclusion pressures.

Research-leading expert panel

Advisory board of active finance professors and industry specialists in corporate governance, ESG, and Korean capital markets research.

Legislative timing advantage

We monitor and interpret each regulatory change as it passes — updated guidance reaches clients before AGM season opens.

Who this is for
Korean asset managers
Compliance-driven institutions

FSS-regulated funds that must document every proxy vote with written rationale and demonstrate Stewardship Code adherence under regulatory examination.

  • Needs FSC/FSS-ready voting documentation
  • No capacity to analyse every portfolio company in-house
  • Requires defensible, auditable voting rationale
International asset managers
Global funds investing in Korea

Foreign mutual funds, pension funds, and institutional investors seeking to engage meaningfully with Korean holdings amid a fast-moving reform landscape.

  • Korean AGM disclosures rarely available in English
  • Value-Up plans vary widely in substance — needs expert reading
  • New cumulative voting rules require bespoke strategy
Activist & engagement funds
Shareholder value advocates

Funds pursuing board composition changes, capital return improvements, or minority shareholder protections in Korean portfolio companies.

  • Needs independent analysis free from broker conflicts
  • Requires academic rigour to support engagement positions
  • Benefits from research-backed co-filing support

What you get

Pre-meeting voting recommendations

Clear for/against guidance on every resolution, grounded in primary Korean filings and aligned to your custom voting policy.

Compliance documentation

FSC/FSS-ready voting records and policy documentation designed to pass regulatory examination without additional formatting.

Bilingual research reports

Full English-language analysis of Korean AGM materials, board composition, and Value-Up plan credibility assessments.

Portfolio governance scoring

Aggregate governance risk ratings across your Korean holdings, with peer benchmarks and year-on-year tracking against reform milestones.

30%+
Value-Up Index outperformance vs KOSPI 200 since 2024 launch
KRW 2T
Asset threshold triggering mandatory cumulative voting from Sep 2026
100%
Mandatory proxy vote submission for FSS-regulated asset managers
1/3
Minimum independent director ratio on large listed boards from Jul 2026