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Palliser Capital Submits Proposal for LG Chem AGM to Address its Deep Discount and Governance Shortcomings
LONDON, February 09, 2026--Palliser Capital ("Palliser") today announced the submission of a shareholder proposal on 9 February 2026 for consideration at the upcoming Ordinary General Meeting of Shareholders of LG Chem, LTD ("LG Chem" or the "Company"), scheduled for March 2026. In addition to the proposal, Palliser shared a letter with the Board of Directors of LG Chem outlining how significant governance, transparency and capital allocation shortcomings have led to an erosion of trust among in
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Palliser outlines opportunity for LG Chem to lead efforts to address the "Korea Discount" in letter to the Board of Directors. LONDON, February 09, 2026--(BUSINESS WIRE)--Palliser Capital ("Palliser") today announced the submission of a shareholder proposal on 9 February 2026 for consideration at the upcoming Ordinary General Meeting of Shareholders of LG Chem, LTD ("LG Chem" or the "Company"), scheduled for March 2026. In addition to the proposal, Palliser shared a letter with the Board of Directors of LG Chem outlining how significant governance, transparency and capital allocation shortcomings have led to an erosion of trust among investors and the Company’s persistent and unsustainably large discount to NAV. This development follows Palliser’s longstanding efforts to engage with the Company in constructive dialogue on the root causes of its KRW 60 trillion (US$41 billion) value gap, as well as a highly actionable roadmap of measures Palliser has proposed to address LG Chem’s shortcomings. These measures were also outlined in Palliser’s October 2025 LG Chem Value Enhancement Plan, available here. The proposal aims to provide shareholders with an opportunity to express their views through an open AGM referendum on near-term measures to address LG Chem’s value gap, and to establish a formal board-level mechanism for ongoing feedback. These include: Palliser submitted the proposal against the backdrop of Korea’s national policy of normalising capital markets by eliminating the "Korea Discount" through reforms that strengthen shareholder protections and enhance governance. Palliser believes LG Chem has a clear opportunity to lead this effort through the adoption of investor-aligned measures outlined in its proposal. The full text of Palliser’s letter follows: 10 February 2026 SHAREHOLDER PROPOSAL FOR THE 2026 ANNUAL GENERAL MEETING OF LG CHEM, LTD.1 The Board of Directors ("Board")LG Chem, Ltd.LG Twin Towers, 128, Yeoui-daero, Yeongdeungpo-gu, Seoul Dear Members of the Board Introduction We write on behalf of Palliser Capital Master Fund Ltd and Palliser Capital Centenary Fund I (together with affiliates, "Palliser", "we", "us" or "our"). As you know, we continue to be a top-10 shareholder of LG Chem, Ltd. ("LG Chem" or the "Company"), de...