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Issues Concerning Succession in the Korean Chaebol
韓国の財閥における継承を巡る問題
2015
Journal of Asian Management Studies
韓国の財閥における継承を巡る問題
The Korean business conglomerate (called chaebol) is characterized by common ownership and management. Conventionally, the owner-managers, who are the controlling shareholders, possess absolute right of control, and all authority is concentrated with them. Furthermore, this right of control is also maintained across the second-generation managers (as well as the third-or fourth-generation managers, depending on the group) through inheritance. Therefore, in a chaebol, inheritance is an important
doi:10.20784/jamsjsaam.21.0_125
fatcat:ufcwhbb6wrewrljcrf6mi44dg4