chaebols - updates

Rappler's latest stories on chaebols


Korean Air chief defeats 'nut rage' sister's challenge

Mar 27, 2020 - 6:30 PM

Cho Won-tae wins 56.67% support in a shareholder vote, defeating his sister, 'nut rage' heiress Cho Hyun-ah

Logos of Hanjin Group (L) and Korean Air (R) are seen on the headquarters building of Hanjin Group in Seoul on March 27, 2020. - The "nut rage" heiress who forced a plane to turn back over her macadamias and her activist shareholder allies failed on March 27 to wrest control of the family airline from her brother, in what analysts said illustrated the power of incumbents at South Korea's chaebols. (Photo by Jung Yeon-je / AFP)

'Nut rage' heiress takes on brother in South Korea succession feud

Mar 21, 2020 - 6:00 PM

Cho Hyun-ah, who made headlines worldwide as the 'nut rage' heiress, faces off against her brother for control of Korean Air

NEW ACCUSATION. In this file photo, former Korean Air executive Cho Hyun-Ah is surrounded by journalists after she received a suspended jail sentence and was freed by a Seoul appeals court in Seoul on May 22, 2015, after she had been jailed for a year in February for disrupting a flight in a rage over macadamia nuts. Photo by Jung Yeon-je/AFP

South Korea's Lotte family owners go on trial for graft

Mar 20, 2017 - 3:37 PM

The trial is the latest blow to the reputations of the family controlled conglomerates or chaebols that powered South Korea s economic growth in past decades

'CHAEBOL' A photo taken on July 29, 2015 shows a Lotte logo in Seoul. Yonhap/AFP

Money and power: Samsung embroiled in South Korea scandal

Jan 17, 2017 - 3:27 PM

There is this widespread perception that the Lee family is above the rule of law Many South Koreans hope that prosecutors investigating the case will prove that wrong

Lee Jae-yong (C) vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of President Park Geun-Hye, at the office of the independent counsel in Seoul on January 12, 2017. Ahn Young-Joon/Pool/AFP

South Korean industry titans harangued in scandal probe

Dec 06, 2016 - 9:27 AM

UPDATED The publicity shy heads of the South s 8 largest conglomerates are grilled relentlessly over donations made to dubious foundations controlled by Choi Soo Sil a close friend of President Park Geun Hye

FACING PROBE. (L-R) SK Group chairman Chey Tae-Won, Samsung Group's heir-apparent Lee Jae-Yong and Lotte Group Chairman Shin Dong-Bin take an oath during a parliamentary probe into a scandal engulfing President Park Geun-Hye at the National Assembly in Seoul on December 6, 2016. Jung Yeon-Je/Pool/AFP

Scandal hearings put South Korea tycoons in hot seat

Dec 05, 2016 - 7:08 PM

The powerful heads of family run conglomerates or chaebols such as Samsung and Hyundai will be among those testifying before a parliamentary investigation ahead of an impeachment vote to remove the president

HEARINGS BEGIN. National Security Office chief Kim Kwan-Jin (L) and other presidential aides take an oath during a hearing on South Korean President Park Geun-Hye's corruption scandal at the National Assembly in Seoul on December 5, 2016. Yonhap/AFP

Lotte chief wins key battle in family feud

Aug 17, 2015 - 4:28 PM

The family feud renews public criticism of the wealthy founding families behind the South s family run conglomerates known as chaebol

CHAEBOL IN TROUBLE. A photo taken on July 29, 2015 shows a Lotte logo in Seoul. Yonhap/AFP