Chaebol are changing with the times and with the generations. As the children of the major shareholders inherit the stock of their parents, opportunities present themselves, as do major challenges.
Lotte Group Chairman Shin Dong-bin beat the latest attempt to oust him from the board of Lotte Holdings, the Japanese company that has a stake in the Korean side of the chaebol. Shin Dong-bin was also appointed as president of the Japanese company.
Korea's conglomerates are experiencing a paradigm shift. The manufacturing giants that used to sustain the country’s economy have now largely been replaced by IT behemoths.
Chaebols are in a rush to raise cash, with the goal of securing ammunition for possible merger and acquisition deals. or simply gearing up for economic uncertainties from the coronavirus pandemic.
Samsung Electronics Vice Chairman Lee Jae-yong made headlines last week with a public apology and a vow to end his family’s dynastic control of the company, eliciting praise from some observers while others viewed the business leader’s words with ...
The total borrowing by chaebol amounted to 89 trillion won as of the end of April, according to data provided by five major local banks Monday. This is an unprecedented amount, say analysts in the finance industry.