SOUTH KOREA
From Times Staff and Wire Reports
More Foreign Ownership Proposed: A South Korean regulatory agency said it will increase the proposed limit on foreign ownership of public companies from 10% to 25%. The cap on foreign ownership was initially proposed in connection with the opening of South Korea’s stock market to foreign investors next year. The change will apply to corporations that have issued equity-related securities abroad and to firms that have joint-venture partnerships with foreign companies.
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