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ANN/THE KOREA HERALD – Samsung, SK, Hyundai Motor and LG, top four chaebol organisations in South Korea are likely to re-join the Federation of Korean Industries (FKI), a disgraced business lobby group inactive for years after its role in a massive influence-peddling scandal in 2016. The conglomerates’ significant affiliates conducted board meetings to ratify their […]
Korea's four largest business groups decided to rejoin the Federation of Korean Industries (FKI), according to industry officials, Monday.
South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practically defunct for years following the revelation of its role in a massive influence-peddling scandal in 2016. According to industry sources on Monday, key affiliates of the nation’s top conglomerates recently held...
An independent compliance committee responsible for oversight of South Korea's largest conglomerate, Samsung, gave a partial go-ahead for the group’s reentry to the Federation of Korean Industries, the country’s largest business interest group. Samsung withdrew from the FKI in 2017, after a high-profile corruption scandal involving Samsung Chairman Lee Jae-yong and the ousted former President Park Ge...
Samsung Group is expected to rejoin the Federation of Korean Industries (FKI) next Tuesday as its compliance committee recommended five affiliates to become members of the business lobby group once again. But the affiliates have been instructed to immediately withdraw from the federation if it colludes with political circles, according to the committee, Friday.