Vimeo
LinkedIn
Instagram
Share |

chaebol

January 7, 2013

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Headed by chief executive Bon-Joon Koo, grandson of founder In-hwoi Koo, LG plans to increase its share in the fiercely competitive electronics market – continuing its battle with the likes of Samsung and Apple for growth.

August 16, 2012

Kim Seung-Youn, chair of South Korean conglomerate Hanwha, has been jailed for four years and fined 5.1 billion Korean won (€3.7 million) after being found guilty of embezzlement.

Kim Seung-Youn, chair of South Korean conglomerate Hanwha, has been jailed for four years and fined 5.1 billion Korean won (€3.7 million) after being found guilty of embezzlement.

The 60-year-old head of the family business, whose operations range from manufacturing and construction to financial services, was sent directly to jail following the ruling by a South Korean court today.

July 2, 2012

The families behind South Korea’s largest conglomerates, from Samsung to Hyundai Motor, now own less, but have greater control of their businesses.  

The families behind South Korea’s largest conglomerates, from Samsung to Hyundai Motor, now own less, but have greater control of their businesses.

That’s the main finding of a new report by the country’s Fair Trade Commission, which said the leaders and relatives at 43 chaebols – family-controlled conglomerates – held a direct stake of just over 4% on average.

Click here >>
Close