• SK FSS held an executive meeting on overseas risk factors and overheated takeovers.
• Follows SK FSS August 2024 held executive meeting re voting rights.
• SK FSS issued alert on tender offers re listed firms on the same day.

Meeting Highlights

• Regarding recent Middle East crisis, SK FSS Governor requested for a focus on market stability, to prevent overseas uncertainties from causing financial market instability.
• As for overheated Korea Zinc's takeover, SK FSS instructed strict management and supervision, in addition to immediate initiation of investigations into unfair trades.
• Where unfair trade practices aimed at obstructing the other party's share purchase are identified, SK FSS will take strict measures in accordance with laws and principles.
• SK FSS Governor required a thorough review on whether violations of related laws such as the Capital markets act have occurred during and after the takeover process.