Motion for the Decision of Purchase Price of Korea Exchange Bank’s shares

   Hit. 517

This motion for the decision of purchase price pursuant to appraisal rights is a law suit requesting the court to determine the purchase price of the stocks filed by shareholders who s to the buy-back price determined by the company.

He/she who opposes to the share swap and had made a written notification to the company of his/her opinion against the decision before the date of the general meeting of the stock holders, can file the suit within 10 days starting from the general meeting’s resolution date accompanied by a written document containing information regarding the class and number of shares he/she holds.

According to the Financial Holding Companies Act, it is not clear as to whether this motion is possible or not; nonetheless, we will carry out this law suit seeing that it is the only way to demand for a higher purchase price.