I wonder how many young people in "Hell Chosun" would like them to have one-way tickets. Not saying it's my preference, but just sayin'. https://t.co/Sla2mJgJBU
— Daniel Pinkston (@dpinkston) September 16, 2018
Good luck with this because chaebol reform has been something that Korean politicians have tried in the past and it never seems to create much change in how they are run:
Moon Jae-in, who is sure to be South Korea’s next president, is expected to focus on the country’s four biggest conglomerates as he pushes for a broad corporate reform drive, his economic aides said Wednesday.
The new Moon government has two major goals in reforming the business giants: one is to keep growth and wealth from being concentrated in large family-run companies known as chaebol, and the other is to improve their governance structure for transparency and fair competition, Moon’s chaebol policy adviser Kim Sang-jo told Yonhap News Agency.
South Korea’s four largest chaebol groups — Samsung Group, Hyundai Motor Group, SK Group and LG Group — currently account for half the assets held by the country’s top 30 companies.
In his campaign pledges, Moon vowed to “gradually but fully” achieve his reform goals during his five-year term in office that began Wednesday, a day after the people voted him in. [Yonhap]
You can read more at the link.
Chey Min-jung (R), the daughter of SK Group Chairman Chey Tae-won, salutes to her mother at the Korea Naval Academy in Changwon City, South Gyeongsang Province, on Nov. 26, 2014. The 23-year-old was commissioned as second lieutenant after an 11-week training. She became the first woman from a chaebol family to enlist in the military in a country where all able-bodied South Korean men are subject to compulsory military service for about two years. The mother of the younger Chey is the daughter of a general-turned-president Roh Tae-woo who served from 1988 to 1993. (Yonhap)
