ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
South Korea election

South Korea's presidential hopefuls let chaebol off the hook

Front-runners have no plans to stop power abuse by the likes of Samsung and Hyundai

Neither Lee Jae-myung of the governing Democratic Party, left, and Yoon Suk-yeol of the conservative People Power Party have offered solutions to prevent power abuses by the country's chaebol. (Source photos by AP, Reuters and Getty Images) 

SEOUL -- Candidates in South Korean presidential elections usually run with pledges to reform the chaebol -- the powerful family-run conglomerates that dominate the country's economy. But this year, the two front-runners have no such plans to clip the wings of the likes of Samsung, Hyundai Motor, SK and LG.

Lee Jae-myung of the governing Democratic Party vows to make the country one of the world's top five economies, while Yoon Suk-yeol of the conservative People Power Party has pledged to use digital innovation to propel South Korea toward economic superpower status.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more