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Powerful clans skirt restraints in South Korea

Samsung, Hyundai find different ways to keep control amid rising investor anger and family squabbles
Wednesday, May 10, 2017 - 05:50

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Mr Moon Jae-in, South Korea's president, has vowed to reform the chaebol.

Seoul

FORGET Machiavelli, or "Game of Thrones." When it comes to staying in power, South Korea's richest business clans have the game plan down.

There is the charity manoeuvre, in which family members park their stakes in their business empires in philanthropic nonprofits, letting

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