Korea's Chaebol Syndrome Persists

Hyundai's troubles have tempered the arrogance of the country's dynastic family businesses, but many of their bad habits die hard

With its charismatic chairman, Chung Mong Koo, behind bars, Hyundai Motor appears deeply troubled. The probe into alleged financial improprieties by the 68-year-old tycoon took such a high toll that the company had to postpone the announcement of its quarterly financial results. The Hyundai Motor group, which includes Kia Motors, says it also has indefinitely put on hold plans to build new factories in the U.S. and the Czech Republic.

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