Korea mulls introduction of multiple voting rights for startups

South Korea is mulling to adopt multiple voting rights to help local startups attract large-scale investments and maintain stable management, according to public officials and politicians on Tuesday. Vice Minister Kang Sung-cheon of SMEs and startups said the government is working on ways to legalize the differentiated voting rights that are popular among countries with many unicorn startups. A unicorn startup refers to a fledgling company valued at over $1 billion. Currently, the top four countries with the most unicorn startups — the US, China, India and the UK — all allow multiple voting rights, which give the right to…