With swift and easy promotions that require no track performance or accountability, the latest generation of chaebol heirs are able to pull in higher compensation than trained and experienced executives
The months-long dispute among the owner family of Hankook & Company ended in a victory for current Chairman Cho Hyun-bum, the second son of Honorary Chairman Cho Yang-rae, according to market watchers, Tuesday.
Shares of the holding firm of Hankook Tire & Technology again saw volatile fluctuation on Monday, after the siblings of its owner family intensified an ongoing fight for control of the firm.
Seoul-based private equity firm MBK Partners is gearing up for a second round in a battle for control of Hankook & Co., the holding company behind the world’s sixth-largest tiremaker, Hankook Tire & Technology. On Friday, MBK Partners announced through Ventura, a special purpose company set up by the private equity firm, that it has raised its offer for the public tender for Hankook & Co., from 20,0.
MBK Partners launched a public tender offer for public shares of Hankook & Company, the holding company of Hankook Tire & Technology, Tuesday, looking to enhance its corpor.