GAMECHANGER: The furore over Samsung's proposed merger has the potential to change the way family-owned businesses are run in Seoul.
SEOUL: A bitter dispute over the proposed merger of two Samsung affiliates comes to a head July 17 with a shareholder vote that could – whatever the result – force a shift in corporate governance practice among South Korea’s giant, family-run conglomerates.
In a country not known for investor activism, the campaign against the takeover of construction company Samsung C&T by affiliate Cheil Industries has been unusually loud and well organised.
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