Changing South Korea's chaebol no overnight task

Newswire

By Jon Herskovitz SEOUL, April 28 (Reuters) - Legal probes into business practices at South Korean conglomerates such as Hyundai may help transparency, but overhauling the way firms with revenues as big as Argentina's economy operate may take time, analysts said. Hyundai and Samsung, the two biggest family-owned conglomerates or chaebol, were instrumental in the rebuilding of the economy after the 1950-1953 Korean War. But along with other chaebol their business practices and ties with ...

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