메뉴 건너뛰기

참여연대 공식일정+ 더보기

PSPD    People's Solidarity for Participatory Democracy

  • About PSPD
  • 2020.05.18
  • 424

20191121_삼성물산-제일모직 부당합병 손배소송 

Seek the Truth on The Samba Accounting Scandal for Lee Jae-Yong’s Succession!

Small Shareholders Work Hard for the Normalization of Korean Air! 

 

We persistently continued to raise issues on Lee Jae-Yong’s succession through illegal activities like Samsung Biologic’s accounting fraud and Samsung and C & T’s illegitimate merge. By publishing <The Research Report on Proper Merger Ratio of Samsung and C&T> and the <The Compiled Report on Lee Jae-Yong’s illegitimate Succession and the Case on Samsung Biologics Fraud>, we confirmed that the legitimate ratio and the actual ones have a clear difference, that Vice Chairman Lee Jae-Yong has gained 3.1 to 4.1 trillion won, and the national pension has lost 520 billion to 750 billion won.

 

For the first time in the history of Korea’s capital market, the former Samsung C&T private shareholders had arranged a lawsuit against its family members and board of directors and also sued under the accusation of Vice president Lee Jae-Yong’s involvement in the Samsung Biologic’s accounting fraud as well as violating the Capital Market Act. 

 

In order to maintain complete control of conglomerates by the families that started and still continue to run them, all forms of illegal and illegitimate activities take place. PSPD has called for the introduction of the National Pension Fund's Trustee Responsibility Principle (aka the Stewardship Code) to prevent the tyranny of conglomerate family members, increased corporate value by actively exercising shareholder rights, and has demanded the active exercise of the National Pension Service's shareholder rights for companies with governance issues, such as Korean Air.

 

PSPD has organized the ‘Citizen Action on the Normalization of Korean Air’ union together with Korean Air’s labor union and employee solidarity and has pressured the National Pension to exercise the right to vote against the continued leadership of President Jo Yang Ho. In a short period of just two weeks, 51,907 (0.54%) shares were delegated to 140 Korean Air shareholders, which is the first time in history that minority shareholders were able to participate in the General Assembly and contribute to put an end to embezzlement and succession.

 

PSPD will not cease activities so that citizens, as trustees of the National Pension, are able to exercise their shareholder rights of the National Retirement Pension against the corporations that may undermine the value of shareholders.  

 

Main Activities

 

지금 내가 할 수 있는 참여와 행동에 동참해주세요
참여연대 회원가입·후원하기
목록
제목 날짜
PSPD Annual Report 2018 2019.11.18
The 20th Anniversary Declaration of PSPD 2019.07.20
How to find PSPD? 2012.11.17
About PSPD 2017.06.09
[Statement] on the occasion of May 24 International Women’s Day for Peace and Di...   2020.05.24
[Webinar] Peace and Cooperation in Northeast Asia after COVID-19 (5/22)   2020.05.22
[Annual Report 2019] Mom, are we moving again? Activities to Protect Tenant’s Rights   2020.05.21
[Annual Report 2019] High-Ranking Officials’ Corruption Investigation Agency led ...   2020.05.21
[Annual Report 2019] Seek the Truth on The Samba Accounting Scandal for Lee Jae-Y...   2020.05.18
[Annual Report 2019] Stop the Corruption in Private Kindergarten via Three Legisl...   2020.05.18
[Annual Report 2019] Stop the Private Interest-Seeking of the Public Officials   2020.05.18
[Joint Statement] Indian authorities must investigate South Korean company’s haza...   2020.05.15
[Annual Report 2019] Stop selling my Personal Information without Permission   2020.05.14
[Annual Report 2019] We support Whistleblowers!   2020.05.14
[Annual Report 2019] Making My Vote Matter in the National Assembly   2020.05.14
from Civil Society to the States Parties of the NPT   2020.05.12
[Statement] 2020 GDAMS, Reduce Military Spending to deal with the Climate Crisis ...   2020.04.27
PSPD English Newsletter, April 2020   2020.04.25
Online World Conference 2020 : Abolish Nuclear Weapons   2020.04.24
© k2s0o1d4e0s2i1g5n. Some Rights Reserved