Samsung Electronics' 40 Trillion Won Bonus Plan Passes Shareholder Approval

Small shareholders are pressing the National Pension Service to take action over Samsung Electronics' special performance bonus plan, which bypasses shareholder approval. The labor-management agreement for the bonus, set to be funded by 10.5% of semiconductor business profits over 10 years, could result in up to 40 trillion won being distributed without shareholder consent. ACT, a shareholder platform, argues the plan violates corporate governance principles by excluding shareholder approval, while demanding the National Pension fulfill its fiduciary duty to protect investors' interests.