Jaekoo: Indeed it was an interesting news to me as well. Don’t know why business professors and some media use jargons like Chaebol when more neutral (or politically correct) word like conglomerate exist. Not only S. Korea but Indians, Chinese do have many family owned highly diversified businesses: Tata, Mittal would be good living examples to prove that such form of enterprises are not uniquely found in the peninsula..=]
David: Conrad Black, Bernie Ebers, and others might wish they had incorporated their firms in Seoul. Interesting also that Fortune Korea names Lee Kun Hee as CEO of the decade . . .
David: @Jaekoo . . “chaebol” = conglomerate + get out of jail free card.
Jaekoo: @David, you are not seriously believing in poetic justice-like statements like “We are all created equal”, rite? =] Think I was once exactly like some time ago. Nowadays, think what’s good for Lee Kun Hee is good for Samsung and what’s good for Samsung is good for S.Korean economy.. 🙂
Philip: I’m tryring to remember: did Mr Hanwha learn from Guinness / Ernie Saunders and get a release on medical grounds only to have a miraculous recovery on release?
And does anyone know if Mr Hyundai has built his opera houses and given his corporate governance lectures yet – which I think was how he got out?
David: The lectures on corporate governance were only for those chaebol ceos who were uncertain how the system worked. The program included a module on medical symptoms and their emulation.
Darren: “Nowadays, think what’s good for Lee Kun Hee is good for Samsung and what’s good for Samsung is good for S.Korean economy”
This is how far we’ve sunk? Perhaps we never surfaced in the first place!
I cannot be defined in monetary terms goddamit!! 🙂
Owen: “@Jaekoo . . “chaebol” = conglomerate + get out of jail free card.”