Korea's 'chaebol sniper' says family bosses should yield to pros

Antitrust watchdog finds corporate heirs lacking the drive of founders

20190115 Kim Sang-jo in

Fair Trade Commission Chairman Kim Sang-jo speaks to the Nikkei Asian Review in Sejong, South Korea. (Photo by Sotaro Suzuki)

KIM JAEWON and SOTARO SUZUKI, Nikkei staff writers

SEJONG, South Korea -- South Korea's antitrust chief has accused the country's powerful family-run conglomerates, or chaebol, of preferring to preserve their power over the economy rather than bring in professional management and drive their businesses forward through innovation.

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