South Korean lawmakers voted to expand corporate boards’ fiduciary duty standard, a landmark move that may spur changes at ...

Chaebols are owned, controlled, and/or managed by the same family dynasty, generally that of the group's founder. Samsung, Hyundai, SK Group, and LG Group are among the largest and most prominent ...

Chaebols are large, family-owned business conglomerates that play a significant role in South Korea's economy. Some of the most well-known chaebols include Samsung Group, which is the largest ...

South Korea's opposition-controlled parliament passed on Thursday a revision to the Commercial Act expanding the fiduciary duty of board members to protect the interests of minority shareholders and ...

Other examples of chaebols include Hyundai and LG. Today, Samsung is led by Lee Jae-yong, a direct descendant of the company’s founder. With an estimated net worth of $8.2 billion, he’s the ...

From massive family-run “chaebols” to smaller enterprises, succession is expensive business in corporate Korea, one of just five of the 36 members of the Organization for Economic Cooperation ...

Faced with this reality, the South Korean Government quickly adopted a hard line with the firm, terminating its financial support with immediate effect. Chaebols continue to dominate South Korea’s ...

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The legislation also aims to address the lack of board independence, particularly at family-run conglomerates known as chaebols, which are often criticised for putting the interest of family ...