Tag Archives: LG Group

[ANALYSIS] Samsung could revive ‘control tower’ to become more agile

Korean economy

Korea’s overall industrial ecosystem is represented by the existence of the chaebol, a combination of the Korean words “jae” (wealth) and “beol” (clan or clique). It also stands for plutocracy and rich business families.

Chaebol leaders pledge support for SMEs

Samsung Electronics Vice Chairman Lee Jae-Yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin promised Wednesday that they will support small- and medium-sized enterprises (SMEs) here to prosper together with them.