Founders and members of owner families of the country’s leading businesses are resigning from the boardrooms. While the companies explain that the resignations aim at innovation, market watchers say the chaebol are trying to keep low key and shun responsibility under the Moon Jae-in administration which is pressuring chaebol for more transparent management.
Name: Chung Mong-koo
Country: South Korea
Company: Hyundai Motor Group
Branch: Vehicle & Vehicle Parts
Announcement Date: March 26, 2018, 10:00pm
Resignation Date: March 26, 2018, 10:00pm