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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
Add BT as a preferred sourcePublished Tue, May 9, 2017 · 09:50 PM
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 them keep control without paying heavy taxes.
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