경영권방어제도 현황과 신주인수선택권제도 도입에 관한 연구

Since the crisis of foreign exchange in the late 1997, Government pushed on with a various luring foreign investment policy into Korea for getting over financial crisis. As a result of those policy, lots of foreign investment funds were invited and Korea successfully tided over financial difficulties. But Korea successfully tided over financial difficulties, in the portion of foreign investment funds, so we called hedge funds made some troubles. Some hedge funds try out hostile M&A, the domestic blue chip companies were targeted of attack. A sudden surge of hedge funds threat management right of domestic companies. Therefore the protection of management right against hostile M&A became a important issue among the academic, the business, government and so on. Finally, Government prepared a reform bill(commercial law) against hostile M&A on the basis of discussion. So this paper studies on the present systems which are concerned with the protection of management right against hostile M&A and studies on the main contents of the reform bill(commercial law) under discussion. And then, this paper studies on the controversy and problems awaiting solution.