[Economy] South Korea’s Family-Run Conglomerates Are Under Pressure2017-05-09 20:55:08Hit:297
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Written in March 27, 2017
Link >> https://www.bloomberg.com/news/videos/2017-02-15/south-korea-s-family-run-conglomerates-under-pressure-video
The story of South Korea's transformation from economic minnow to the world's fifth-largest exporter owes much to its sprawling family-run conglomerates. Known as chaebol, these long-time pillars of the nation’s “miracle economy” include the likes of LG, Hyundai, SK, Lotte and ? largest of them all ? Samsung. Yet the chaebol's oversized influence and cozy relationship with government, highlighted by a scandal that's engulfed the country's president, have put the conglomerates under an intense spotlight at the same time as many are navigating generational transitions. (Source: Bloomberg)
Link >> https://www.bloomberg.com/news/videos/2017-02-15/south-korea-s-family-run-conglomerates-under-pressure-video
The story of South Korea's transformation from economic minnow to the world's fifth-largest exporter owes much to its sprawling family-run conglomerates. Known as chaebol, these long-time pillars of the nation’s “miracle economy” include the likes of LG, Hyundai, SK, Lotte and ? largest of them all ? Samsung. Yet the chaebol's oversized influence and cozy relationship with government, highlighted by a scandal that's engulfed the country's president, have put the conglomerates under an intense spotlight at the same time as many are navigating generational transitions. (Source: Bloomberg)