SEOUL -- Samsung Group faces a difficult decision on its life insurance arm as South Korea's government presses family-owned conglomerates to spin off financial units, part of President Moon Jae-in's effort to weaken their power.
South Korea's top conglomerate pressed to spin off insurer key to family control
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The South Korean government has pressured Samsung to adopt a holding company structure to produce a win for President Moon Jae-in's efforts to reform the country's conglomerates.
SEOUL -- Samsung Group faces a difficult decision on its life insurance arm as South Korea's government presses family-owned conglomerates to spin off financial units, part of President Moon Jae-in's effort to weaken their power.