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...“Koreans don’t like chaebol, but what they don’t like more than chaebol are foreign activist funds,” Lee said, referring to the family-run conglomerates that dominate the South Korean economy....
...“The rationale used to be that the chaebol should be sheltered from disruption at home so they can focus on disrupting rivals abroad,” says Park....
...But critics say the Yoon administration has been too lenient to the chaebol, the country’s powerful family-run conglomerates....
...The irony, says Park Sangin, a professor of economics at Seoul National University, is that as president Yoon has so far proved to be a “typical pro-chaebol politician”....
...Chan Lee, managing partner at Petra Capital Management, a Seoul-based hedge fund, said foreign investors have often found themselves tripped up by the political power of the chaebol, the country’s leading...
...In South Korea, chaebol — family-controlled conglomerates such as Samsung and Hyundai — are banned from entering the banking sector on fears they could use their banking affiliates to illegally fund business...
...“The Korean public has high standards for the role of chaebol now . . . but there is also a public opinion that it is unfair to deprive Lee of his business opportunities,” he said....
...“We do not build a chaebol. If that’s the case, then all European [oil] companies should be called chaebols....
...Its biggest immediate competition is local — coming from South Korean rivals such as Seoul-listed EcoPro BM and the sprawling chaebol LG, Korea’s largest producer of battery materials and batteries....
...For decades, the heads of many chaebol families, the powerful business elite, avoided imprisonment or had sentences reduced by pardons....
...But financiers say that investors hoping to feast on giant carve-outs from leading chaebol such as Samsung, Hyundai and LG are likely to be disappointed....
...One should not understate how much the chaebol (business conglomerates) in South Korea have been ripping off Korean consumers, and overtly corrupting national politics....
...Critics argue that the pardon heralds a return to an era of cosy and often corrupt relationships between Korean politicians and the ruling families of leading conglomerates, or chaebol....
...Is it going to be like in South Korea where the chaebol helped lay the foundation for the economy?...
...“SK is several steps ahead of most other chaebol in terms of future-oriented portfolio restructuring and ESG investments,” he said. Mr Jang said the changes were “inevitable”....
...Lee says the companies tend to be nimbler than the traditional chaebol — the sprawling family-owned industrial conglomerates, such as Samsung, that dominate in South Korea....
...But Pacheco Pardo ignores the darker side of this success story, above all the closeness of the chaebol to government. That has fostered corruption allegations and some blame it for economic slowdown....
...Many are members of the founding families of the leading Korean conglomerates, or chaebol, that dominate the Korean economy: the country’s most famous private collection belongs to the Lee dynasty that built...
...But a chaebol family rules forever.”...
...are the collectors, both individual and corporate, who have ploughed money into private museums, which have proliferated in South Korea since the early 1980s when powerful family conglomerates, known as chaebols...
...Investment banks and private conglomerates, known as chaebols, poured money into the sector, seeing new opportunities to cash in....
...Korea’s family-owned chaebol empires, while cherished as engine-rooms of the economy, may be early victims of this — in which case the government may feel a backlash....
...But many others say Lee’s release has undermined Moon’s promises to bring the family-controlled conglomerates to heel and end the tradition of pardoning chaebol leaders....
...Lee’s case is part of a family succession crisis that highlights the close and sometimes controversial entanglement of politics and South Korea’s conglomerates, known as chaebol, as the country prepares...
...But he acknowledged that investors in South Korea had struggled to overcome the deeply-held family interests that underpin the chaebol....
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