EN Analysis

Independent, public-source analysis of how Korean law, regulation, and courts shape capital allocation, governance, and market risk.

• July 9, 2026Korea's Half-Built Board Reform: Independent Directors, No Compensation Committee

  Korea's 2025–26 reform strengthened board independence and extended directors' duty to shareholders but never built the compensation-committee mechanism that settles pay-vs-profit conflicts elsewhere; independent directors without it are only half a fix.

• July 2, 2026Same Raise, a Bigger Fall: What EcoPro BM's Rights Offering Reveals About Korean Market Design

  The larger Korean fall is about market design — a shareholder-allocation method with a pre-fixed issue price meeting learned distrust of intra-group capital recycling — while the 2025 §382-3 reform raises the standard but the channels to enforce it remain narrow.

• June 30, 2026Korea's §382-3 Turns the BW/EB Choice Into a Disclosure Signal

  Korea's 2025 amendment to Article 382-3 added shareholders to directors' duty of loyalty; a board issuing a dilutive BW over a non-dilutive EB may now face a higher burden to explain why — a disclosure signal, not a litigation forecast.