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Moon may succeed in pushing business reforms

Analysts say there is more momentum for change now, with public anger high after the Park Geun-Hye scandal that exposed cosy ties between chaebols and political elite

Published Thu, May 11, 2017 · 09:50 PM

Moon Jae-In

Seoul

THE world's biggest smartphone maker Samsung and other conglomerates that dominate South Korea's economy are firmly in the reformist sights of new president Moon Jae-In - and analysts say he could succeed where many have failed.

The likes of Samsung and Hyundai, sprawling family-led empires known as "chaebols", were crucial to the South's rapid economic transformation in the 1960s and 70s from the ruins of war.