The court granted SNT Holdings' injunction request to inspect and copy SMEC's shareholder register.
SNT Holdings said on the 20th that on Jan. 30 the court granted its case for an injunction to inspect and copy the shareholder register. The court ordered SMEC to allow inspection and copying of the shareholder register as of Dec. 31, 2025, from the date the decision is served, and to allow copying of electronic documents to a USB drive. If violated, SMEC must pay a daily indirect compulsory fine of 5 million won until compliance is completed.
The injunction was filed after SNT Holdings requested inspection and copying of the shareholder register from SMEC on Jan. 13, but the company did not comply.
SNT Holdings has recently been filing a series of injunctions against SMEC. On Feb. 6, it applied for an injunction to inspect and copy accounting books and board meeting minutes to verify the appropriateness of accounting treatment related to internal transaction with SMEC Service. Then on Feb. 11, it sought an injunction to place on the regular shareholders meeting agenda a shareholder proposal to appoint six directors and three audit committee members.
Also on Feb. 12, it filed an injunction seeking to prohibit the exercise of voting rights on the relevant equity, arguing that the disposal of treasury shares dated Dec. 24, 2025, was unlawful and void, naming SMEC, the employee stock ownership association, and Manho Rope & Wire as respondents.
SNT Holdings said, "With this decision granting the shareholder register injunction, transparency and fairness must be ensured throughout the shareholders meeting preparation process," adding, "We will continue to pursue normalization of corporate governance and enhancement of corporate value through responsible exercise of shareholder rights in accordance with laws and procedures."