In Korea, it is highly unlikely to see a board proposal rejected by shareholders, and this is especially true when it comes to electing and re-electing executives of Chaebols, or family-owned conglomerates. It is typical [...]
With the conviction of Samsung BioLogics Co., Ltd.,(“BioLogics”), longstanding suspicions surrounding Samsung Group (the “Group”), BioLogics’ parent and South Korea’s biggest family-ruled conglomerate, have once again risen to the surface. On November 13, 2018, the [...]
Yet another chaebol family feud has ignited over the succession of Korea's eighth largest business conglomerate, Lotte Group. Daily reports of nasty family rivalries among the group founder father and his two sons bring back memories of Hyundai [...]
CJ CORP Korea Exchange: 001040 Meeting Date: 3/21/2014 In recent years, it has almost become a cliché for chaebol group founders and high ranking executives to be convicted [...]
TONG YANG SECURITIES Korea Exchange: 003470 Meeting Date: 3/14/2014 Tong Yang Group, one of several troubled chaebols, has been in a predicament with various alleged issues surrounding the [...]
On August 5th, 2012, Korea’s ruling party submitted a revised fair trade bill prohibiting cross-shareholdings in major Korean conglomerates (aka Chaebol groups) with assets over KRW 5 trillion and restricting voting rights of existing cross-shareholdings. [...]