South Korea's Asset Managers Call for Institutional Support to Strengthen Proxy Voting at FSS Meeting

South Korea's Financial Supervisory Service held a meeting with CEOs from 20 asset management firms, where industry participants called for dedicated organizations, specialized personnel, and incentive systems to strengthen fiduciary responsibilities in proxy voting. Asset managers reported a proxy voting execution rate exceeding 90%, but disclosure content and shareholder rights exercise frameworks remain largely procedural.
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