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IMF lowers Korea's 2025 growth outlook to 2%
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Labor Ministry dismisses Hanni harassment case
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Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption
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North Korean troops fighting alongside Russia, NIS confirms
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Japan to hold 1st memorial for Korean forced labor victims at Sado mine
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Now is no time to add pressure on businesses: top executives
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[Herald Interview] How Gopizza got big in India
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Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits
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[Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey
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[KH Explains] Dissecting Hyundai Motor's lobbying in US
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![[KH Explains] Dissecting Hyundai Motor's lobbying in US](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/20/20241120050034_0.jpg&u=)
It is a crucial week ahead for Hyundai Motor Group seeking to streamline its complex corporate shareholding structure through a spin-off and merger deal that is subject to a vote at May 29 meeting of shareholders.
Proxy advisory firms including Institutional Shareholder Services, Inc. and the Korea Corporate Governance Service are expected to make their recommendations this week, in light of the latest move by hedge fund Elliott Advisors to oppose Hyundai‘s plans.
By regulation here, a spin-off and mergers decision needs at least one-third of all shareholders to take part in the vote with two-thirds of approval. (khnews@heraldcorp.com)
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