Hanwha Life Minority Shareholders Urge Deposit Insurance Body to Actively Exercise Shareholder Rights

A coalition of Hanwha Life minority shareholders has formally requested the Korea Deposit Insurance Corporation (KDIC), a major shareholder, to take a more active role in enhancing shareholder value. The group visited the KDIC headquarters in Seoul to voice their concerns.

The shareholders pointed out that Hanwha Life has reported annual operating profits exceeding 1 trillion Korean won, yet its stock price continues to trade below its face value of 5,000 won. They argue that the KDIC, which holds a substantial 10% stake in the company, has the influence to advocate for measures that would boost the stock's performance.

This appeal underscores a growing sentiment among minority investors who feel their investment is undervalued. They are looking to the KDIC to leverage its position as a significant shareholder to push for strategic decisions that could lead to a higher stock price and better returns.