"Vladimir Kim is chairman of copper miner Kazakhmys and former member of Kazakh President Nazarbayev's political council. In May 2012, Kim announced he would step down as Kazakhmys chairman by mid 2013 in order to make way for an independent chairman to bring the company in line with the UK Corporate Governance Code. At the time, he indicated he would not reduce his shareholding. In October, however, Kim upped the portion of shares that are leveraged as collateral for loans; he has now leveraged two thirds of his stake, up from 8 percent last year. There is no indication as yet as to what the extra money is to be used for; speculation is rife he may be planning to sell-off. Kim is a descendent of Koreans forced by Stalin to move to Kazakhstan. He joined Kazakhmys during Khazakstan's early 1990s privatization wave."
Resources and articles
- forbes Vladimir Kim, organizational web page, accessed May 17, 2013.