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Politics

Will Moon really make chaebol reform happen?

Skepticism grows over South Korean president's campaign promise

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Samsung Electronics vice chair Lee Jae-yong heads to a hearing in the National Assembly in December.   © Reuters

SEOUL -- Reforming South Korea's family owned conglomerates was front and center in President Moon Jae-in's election campaign, yet some in the business community are already questioning the new leader's resolve to tackle such a daunting task.

Clad in a navy suit and a blue tie, Moon promised in his inauguration speech on May 10 to take the lead in reforming the conglomerates, also known as chaebol.

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