The headquarters of Hyundai Motor in Seoul. Photo: EPA The headquarters of Hyundai Motor in Seoul. Photo: EPA
The headquarters of Hyundai Motor in Seoul. Photo: EPA

South Korea set to crack down on chaebol with reforms

  • The family-run conglomerates have propelled South Korea’s economic rise, but critics say their dominance stifles competition and concentrates wealth in the hands of a few
  • President Moon’s administration is seeking to add transparency to top decision-making at chaebol with reforms dubbed ‘fair economy acts’ by supporters

Topic |   South Korea
The headquarters of Hyundai Motor in Seoul. Photo: EPA The headquarters of Hyundai Motor in Seoul. Photo: EPA
The headquarters of Hyundai Motor in Seoul. Photo: EPA
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