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Books > Business & Economics > Finance & accounting > Finance > Property & real estate
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War on Family Property Rights - Rethinking Governance Reforms for the South Korean Chaebol (Hardcover)
Loot Price: R3,780
Discovery Miles 37 800
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War on Family Property Rights - Rethinking Governance Reforms for the South Korean Chaebol (Hardcover)
Expected to ship within 10 - 15 working days
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As of 2020 South Korea has 14 firms listed on the global Fortune
500, including Samsung, Hyundai, SK, POSCO and LG. The country
along with Japan is also one of the only two countries in Asia that
are members of the OECD and its Development Assistance Committee
(DAC) simultaneously. Furthermore, Korea boasts of its membership
in the seven-country 50-30 Club (countries with a population of
more than 50 million and a GDP of $30,000 per capita). However,
unlike its official status as one of the most developed economies
in the world, it still suffers from the backward struggle between
the state and the family firms over the issue of property rights
and family successions. The corporate governance issue has damaged
the reputation of Korean chaebols (family conglomerates) for many
decades as founders, and their families had been imprisoned and/or
fined for violating inheritance tax laws and related laws
associated with the issue of protecting their family ties. The
democratically elected governments in Korea since 1987 have tried
to reform the chaebol governance structures to ease asset
concentration by family members, although many of those have failed
due to corruptive practices between the state and the chaebol. This
book spells out the current governance problems within the chaebol,
state reform policies and both success and failures of the reforms.
It was originally published as a special issue of the Asia Pacific
Business Review.
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