Core Viewpoint - Investors are betting on the new shareholder-friendly policies of South Korea's President Lee Jae-myung to drive the Korean stock market upward after years of underperformance [1][2] Group 1: Market Sentiment and Investment Actions - Global asset management firms like Aberdeen Investments, Pictet Wealth Management, and Franklin Templeton have recently increased their holdings in Korean stocks or upgraded their outlooks [1] - Aberdeen Investments has raised its allocation to Korean stocks to overweight in its $1.2 billion Asia ex-Japan fund [1] - Since President Lee's inauguration, the KOSPI index has risen over 4%, rebounding more than 20% from its April low, approaching a bull market [2] Group 2: Legislative Reforms and Corporate Governance - Legislative reforms are aimed at addressing the "Korean discount," a phenomenon where local stocks are priced below their book value and lower than overseas competitors [4] - The new administration is expected to enhance shareholder rights by revising commercial laws to expand board responsibilities to shareholders [4][5] - There has been a sevenfold increase in activist campaigns targeting companies from 2020 to 2024, indicating growing shareholder impatience [4] Group 3: Corporate Actions and Future Outlook - A total of 160 companies have announced value enhancement plans, although many lack details [6] - KOSPI component companies are projected to increase total dividend payments by 12% in 2024, reaching 44 trillion won ($32.4 billion) [6] - Stock buybacks are expected to more than double in 2024, reaching 18.7 trillion won [6] - Despite challenges, including potential U.S. tariff increases and economic contraction, there is optimism about a cultural shift in corporate governance in South Korea [6]

以下文章来源于解码LP ，作者岳笑笑 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 争抢全球富豪。 作者 I 岳笑笑 报道 I 投资界-解码LP 要知道，许氏家族以旗下建明集团而闻名，创始人许明良正是家族的核心人物。祖籍福 建泉州石狮，许明良曾在1 977年考入福建师范大学体育系学习，毕业后一度做起中学体 育教师。 19 83年，许明良前往菲律宾，开启经商之路。资料显示，他所成立的建明集团，是最早 涉足海外投资的华侨企业之一，40多年来聚焦中国及东南亚地区从事多元化投资，已经 成为一个全球多维组织，业务主要涵盖天然资源供应、船运业务、房地产建设、高端精 品零售、投资管理等范畴。 同时，许明良早早开始布局投资事业。旗下TKG投资管理有限公司拥有AUM超过3 0亿美 元，在现金管理、证券、对冲基金、私募股权、债务和增长股权投资中管理多元化的投 资组合。 值得注意的是，该投资公司主营业务即为超高的净值个人提供服务，利用广泛而独家的 网络连接独特的投资机会，对于香港的家族办公室资源有着直接需求。过去，其主要客 户来自东南亚，致力于提供以增长为导向、具有韧性的投资，以实现长期财富创造。 TKG投资表示 ...