Tag: chaebol

chaebol

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Conglomerates shoulder Korea’s biggest project since Dangun (KOR)

The country's sweeping AI and semiconductor push promises national transformation, but success hinges on whether the government can match corporate ambition with land, power and people.

2026.7.7

Conglomerates shoulder Korea’s biggest project since Dangun

The country's sweeping AI and semiconductor push promises national transformation, but success hinges on whether the government can match corporate ambition with land, power and people.

2026.7.6

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Samsung Electronics Executive Chairman Lee Jae-yong returns to Seoul Gimpo Business Aviation Center in Gangseo District, western Seoul, on April 9 after a business trip to Japan. [NEWS1]

Samsung chief sees assets grow $3B in H1 as conglomerate leaders rake it in

Samsung Electronics Executive Chairman Lee Jae-yong saw his assets rise by 4.7 trillion won in the first half of 2025 to 16.6 trillion won, leading the list of family conglomerate heads who saw their assets jump drastically from January to June.

2025.9.2

Hyundai Motor Group Executive Chair Euisun Chung is pictured in this undated photo provided by the Hyundai Motor Group on Aug. 18. [HYUNDAI MOTOR GROUP]

Hyundai founding family recognized by Automotive News for industry contribution

The founding family of Hyundai Motor Group has been selected by the U.S. publication Automotive News as a recipient of its Centennial Award for its contribution to the advancement of the global auto industry, according to the group Monday.

2025.8.18

Family tree of Annie from Allday Project

'Chairperson is entering' moment sparks frenzy as chaebol heir Annie debuts in idol group

For fans watching a livestream from Allday Project's Annie, K-dramas became real life when the arrival of her mother, none other than the chairwoman of Shinsegae Department Store, Chung Yoo-kyung, was announced during the feed.

2025.7.3

President Lee Jae-myung meets employees of the Korea Exchange at its office in Yeouido, western Seoul, on June 11. The picture is from Lee's Instagram account. [SCREEN CAPTURE]

Lee Jae-myung’s market honeymoon: Will the Kospi rally endure?

The benchmark Kospi has rallied for seven straight sessions since President Lee Jae-myung's inauguration on June 4, reviving a market that had long been subdued.

2025.6.16

Jungheung Construction's headquarters in Gwangju [JOONGANG ILBO]

FTC hits Jungheung Group for uncompensated support to company owned by corporate scion

Jungheung Group, one of Korea’s major construction conglomerates, has been hit with sanctions over a yearslong scheme that funneled billions in financial support to a company owned by its second-generation heir — all without proper compensation.

2025.6.9

From top left are GS Group's Hur Suh-hong, Samyang Group's Kim Gun-ho, HD Hyundai Group's Chung Ki-sun, LS Group's Koo Dong-hwi, LX Group's Koo Hyung-mo and Lotte Group's Shin Yoo-yeol

It's promotion season in Korea — and nepo babies are taking charge

As generational shifts occur, younger Korean conglomerate heirs are quickly taking leadership roles, making aggressive investments, and addressing succession challenges as companies adapt to current economic pressures.

2024.11.26

Annie Moon, far right, poses for a photo with other trainees under The Black Label. [SCREEN CAPTURE]

Chaebol children make a name for themselves in entertainment

Previously kept hidden under a veil of secrecy, heirs of chaebol, or Korean family-run conglomerates, are increasingly venturing into the public eye as professional entertainers or through social media.

2024.2.17

From left, Hong Ra-hee, Lee Jae-yong and Lee Seo-hyun attend a concert held in commemoration of late Samsung Group chairman Lee Kun-hee in October 2023. [YONHAP]

Samsung family to sell $2.12 billion worth of company shares to pay inheritance taxes

Samsung Group's family members plan to sell nearly 2.8 trillion won ($2.12 billion) worth of their shares in Samsung Electronics and other affiliates in a block deal in an apparent bid to pay inheritance taxes.

2024.1.11