Gavia employees issued a joint statement calling for the protection of the company's long-term investment and management continuity. According to employee representatives, 334 out of 411 total employees (81.3%), excluding directors, agreed to the statement.
In their statement titled "Gavia Employees' Declaration to Protect Gavia's Tomorrow," released on the 24th, the employees expressed deep concern over recent attempts by activist funds to intervene in Gavia's management and the moves by overseas investors who have newly acquired shares.
The statement was initiated voluntarily by employees without any request from the company or specific shareholders. As Gavia has no labor union, this large-scale collective expression marks the first such instance since the company's founding in 1998.
The consent process for the statement took place over four days from the 18th to the 21st. On the afternoon of the 18th, an employee posted a draft of the statement and a link to an external online survey created under their personal name on the company's internal bulletin board. Within 24 hours of posting, more than half of the target group — 219 people — had agreed. By midnight on the 21st, the number of participants had risen to 334.
Employees who participated in the statement argued that recent discussions surrounding Gavia have focused more on shareholding percentages and sale prices rather than the company's medium- to long-term growth strategy. They emphasized that cloud and data center businesses require long periods for infrastructure construction and building customer trust, necessitating sustained research and development and uninterrupted investment in infrastructure.
In their statement, they said, "The services Gavia has built over 27 years are not merely financial assets but digital infrastructure directly tied to the survival of countless client companies and our workplace." They added, "We cannot stand by while the foundation of our workplace is shaken for the purpose of generating short-term profits."
First, the employees expressed support for the current management team's judgment and direction, stating that executives who understand the company's philosophy and business structure must consistently pursue a medium- to long-term vision. They explained this was not based on vague personal trust but on considerations for business continuity and employment stability.
They also opposed situations where capital prioritizing short-term investment returns over the company's long-term growth becomes a major shareholder and influences management. Their argument is that some investors' demands focus more on share sales and recovery of invested funds than on pathways for business growth.
The employees also indicated they would respond through legally guaranteed means, including the establishment of a labor union, if management continuity were compromised. They stressed, "Frontline teams operating infrastructure 24 hours a day, 365 days a year and developing services are creating Gavia's actual value," and added, "We will stand together until the end to protect this value."
Gavia is an IT infrastructure company listed on KOSDAQ that provides services including cloud computing, data centers, domains, and hosting. Recently, as an investment vehicle affiliated with Macquarie Asset Management has pursued a public tender offer for Gavia shares, some shareholders, including eLINE Partners, have raised objections, leading to ongoing discussions about the company's governance structure and future management direction. The employees plan to deliver this joint statement to Gavia's board of directors and management team as well.
in TECH