There is hardly any major Chaebol in South Korea that has not been rocked by a ‘war of princes’ during leadership succession. Notably, the one group that should be involved that is kept in the dark from this is the professional management. How the succession plays out will affect them greatly and in turn the business. The article “Good housekeeping seal of family business continuity” published in Maeil Business Newspaper on 15 December, 2017 talks about what needs to be done for management to spend more energy on moving the company forward and why this is extremely important for Chaebols.
Original Story: “Good Housekeeping Seal of Family Business Continuity” (Korean) in Maeil Business Newspaper (15 December 2017).