Shares in Hyundai Glovis are being held back by new share ownership rules due to come into force in South Korea next month, says a top industry analyst.
Amendments to the Monopoly Regulation & Fair Trade Act seek to reduce the current 30% threshold controlling families can have in a company to 20%.
In the case of Hyundai Glovis, this would require the controlling Chung family to reduce its 29.9%
