When Sovereign Asset Management appeared out of nowhere as a 14.99% shareholder in SK Corp, there were many who asked Who are these guys
In Korea, the mystery surrounding Sovereign quickly led some people to assume that Sovereign was about to launch a hostile takeover. Other people assumed it was affiliated in some way with SK's founding family.
More information came to light when Sovereign dispatched its chief operating officer, James Fitter to Korea to meet SK's management and discuss the future. It then put out two press releases. One stated that it was a long term investor and was not affiliated to any of SK's existing shareholders...
