SEOUL, South Korea – The chairman of Hanwha Corp., one of South Korea's largest conglomerates, was sentenced to four years prison and fined 5.1 billion won ($4.5 million) for embezzlement in a ruling ...

With the South Korean National Assembly's vote to impeach President Park Geun-hye over an ongoing influence and corruption scandal, the matter moves to the Constitutional Court, which has 180 days to ...

South Korea’s large family-owned conglomerates have taken steps to dodge revised intra-group transaction bans that go into effect next month for fairer trade, a local business research firm said ...

South Korea’s newly elected President Moon Jae-in has declared an end to cozy ties between government and business as part of his attack on the power of chaebol conglomerates. However, parliamentary ...

SEOUL (Reuters) - South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former ...

SK Group Chairman Chey Tae-won arrives at the Seoul Central District Court in Seoul, South Korea, Thursday, Jan. 31, 2013. A Seoul court has sentenced Chey to four years in prison for embezzling ...

The prison sentence handed down this month to the daughter of Korean Air's chairman for an onboard tantrum over the serving of a packet of nuts reflected the courts' increasingly stern approach to ...

SEOUL (Reuters) – If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a ...

Chaebol And Park Park's father, Park Chung-hee, is the person responsible for building the chaebol during the 1960s and 1970s. With a mix of threats and inducements for the top chaebol bosses, the ...