The Korea Herald
When it comes to buying stocks in South Korea’s family-run conglomerates, reading numbers on balance sheets may not be enough to predict their performance. What the owner family does often matters more.
As several of such business groups, called chaebol locally, are preparing for managerial transfers to the third generation of their founding families, signs of shifts in the families’ ownership structures or power struggles among potential heirs have played a greater role on the Seoul bourse in recent weeks.
The succession scenario for Hyundai Motor Group has become complicated after chairman Chung Mong-koo and his only son, Chung Eui-sun, the vice chairman, failed to sell 5 million of their shares in Hyundai Glovis, a logistics affiliate of the automotive group. Read more here.