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Activists take up the fight to reform South Korea's chaebol

Conglomerates under pressure to improve corporate governance

Analysts say that Hyundai Motor is a good example of how owner risk can damage a company's value and reputation.   © Reuters

SEOUL -- When Moon Jae-in took office as South Korea's new president almost two years ago, he was confident that he could reform the country's over-powerful, family-run chaebol conglomerates.

"I was not given any money from them," said Moon at a dinner with a group of foreign correspondents when he was a presidential candidate. "I have no debt to pay back them. I will push for strong reform."

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