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

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 ...

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 ...

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 ...

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 ...

Neoliberal strategy, which was adopted and implemented after 1987, lies behind the success of South Korean conglomerates (chaebols), and it was strengthened during the Asian financial crisis in 1997.

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 ...

Read more about South Korea corporate reforms: South Korea’s corporate world has long been dominated by vast family-run conglomerates, known as chaebols, including the likes of Samsung ...

Chaebols continue to dominate South Korea’s economy. Samsung alone is responsible for around 20 percent of South Korea’s GDP This new tough stance towards Hanjin marks something of an unusual ...

(Bloomberg) -- South Korean lawmakers voted to expand corporate boards’ fiduciary duty standard, a landmark move that may spur changes at large family-controlled businesses that dominate the market.

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 ...