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|Posté le: Mer 8 Aoû - 03:52 (2018) Sujet du message: Park's longtime confidante
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By Yoo Seungki
SEOUL， Dec. 30 (Xinhua) -- The biggest South Korean business lobby， composed of conglomerates called chaebol here， is facing a risk of the break-up， or at least a full-scale reform， over its deep-rooted link with the presidential power that was revealed again through a scandal involving President Park Geun-hye.
Samsung Electronics Vice Chairman Lee Jae-yong appeared at a parliamentary hearing on Dec. 6， the first to grill all involved in the scandal that led to the impeachment of President Park， together with the chiefs of other large corporations that are members of the Federation of Korean Industries (FKI).
The FKI is ostensibly a business community to speak for over 600 big companies， but it is now being suspected of acting as a channel to let Choi Soon-sil， Park's longtime confidante， pressure conglomerates into donating tens of millions of U.S. dollars to two nonprofit foundations controlled by Choi.
Stunning TV viewers of the hearing broadcast live， Lee said the country's No.1 family-run conglomerate will break away from the FKI and stop paying membership dues without elaborating on a specific date.
"Grandfather-initiated FKI is facing a fate of being broken up by the hands of his grandson. An old saying comes true that one who ties a knot eventually unties it，" Park Ju-Geun， president of CEO Score， a business data provider， said in a Thursday interview with Xinhua.
Lee Byung-chull， the founder of Samsung Group， was the first chairman of the FKI that was set up in 1961， just a year after former military strongman Park Chung-hee， father of the impeached President Park， gained power in a coup.
It is a "historical irony，" the CEO Score chief said， as the Samsung founder-launched lobby under the presidency of elder Park is on the verge of dissolution at the hands of the Samsung heir under the presidency of younger Park.
Samsung has yet to declare its abandonment of FKI membership， but LG Group， the country's No.4 conglomerate， left the lobby earlier this week. Following suit would be SK Group and CJ Group given that their heads indicated departure from it during the National Assembly hearing. SK is the third-largest business group.
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The FKI's fate at risk disclosed cozy ties between the presidential power and the chaebol families again， which can be seen as commonplace in S. Wholesale Jerseys China Free Shipping Wholesale Jerseys Online Cheap Jerseys Online Cheap Authentic NBA Jerseys Wholesale Jerseys China Cheap Jerseys Cheap NFL Jerseys Cheap NFL Jerseys China Cheap NFL Jerseys China Wholesale NFL Jerseys