CCS Shareholder Action Group Opposes Free Capital Reduction and Board Appointments, Citing Shareholder Value Erosion


  • The CCS shareholder action group is soliciting opposing votes on a free capital reduction and certain director/auditor appointments at the extraordinary general meeting on June 26, 2026.
  • The capital reduction proposal aims to offset accumulated deficits but is criticized for shifting management's failures onto shareholders, potentially harming shareholder value.
  • The board's proposed candidates are seen as lacking independence and accountability, failing to address governance concerns.
  • Shareholders are urged to vote against these items and exercise their own judgment on others.
  • [AI Summary]Although led by a minority shareholder with only 0.055% stake, the proxy fight highlights governance risks; if passed, the capital reduction will dilute equity but may improve financial stability by clearing deficits.

KOSDAQ Filing Information


  • [Correction of Description] Proxy Solicitation Reference Documents
  • Company: Korea Cable T.V Chung-Buk System (066790)
  • Submission: Kim Jeong-hyeok

  • Shares: 65,152,039
  • Price: 1,493 KRW
  • Market Cap: 97.3 B KRW