KCGI Urges Hanjin and Hanjin Kal to Introduce Electronic Voting System Before General Meeting of Shareholders

[Asia Economy Reporter Yoo Hyun-seok] Activist private equity fund KCGI has urged Hanjin KAL and Hanjin to introduce electronic voting.

On the 5th, KCGI stated in a press release, "We requested the boards of directors and directors of Hanjin and Hanjin KAL to pass a resolution at the board meeting to introduce and implement electronic voting at the upcoming regular shareholders' meeting next month and subsequent shareholders' meetings."

It added, "Introducing electronic voting at the shareholders' meeting will not only make it easier for shareholders to participate, but also shorten the processing time for shareholders' meeting-related tasks and reduce costs required to secure a quorum. We urge Hanjin and Hanjin KAL to accept the request for electronic voting and fulfill their duties to shareholders and the company."

Additionally, KCGI emphasized that if the electronic voting system is introduced, it will facilitate shareholders' participation in the shareholders' meeting, shorten the processing time for related tasks, and reduce costs to secure a quorum.

Hanjin KAL plans to hold a board meeting on the 7th to review the agenda items to be submitted at the shareholders' meeting scheduled for next month.

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