On December 14, F&C Asset Management, an ACGA member, sent a letter to the Korean Ministry of Justice asking it to forego a proposed amendment to the company law that would allow companies to introduce poison pills. The letter was co-signed by ACGA and 21 other institutional investors representing more than US$2.5 trillion in assets. The letter reflects the global nature of investors concerned, with seven countries and four continents being represented.
Since its launch, the letter has received the following media coverage:
- Korea Herald, December 18, 2009: Korea's poison pill could scare off FDI: foreign investors.
- City Wire, December 17, 2009: Investors oppose Korean 'poison pill'.
- Yonhap News (Korean version), December 17, 2009.
- Global Pensions, December 16, 2009: Investors oppose Korea’s proposed poison pill.
- Maeil Business (Korean version), December 16, 2009.
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