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Concentrated Ownership and Corporate Control: Wallenberg Sphere and Samsung Group

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dc.contributor.authorKim, Hwa-Jin-
dc.date.accessioned2015-02-25T04:42:16Z-
dc.date.available2015-02-25T04:42:16Z-
dc.date.issued2014-12-
dc.identifier.citationJournal of Korean Law, Vol.14 No.1, pp. 39-59-
dc.identifier.issn1598-1681-
dc.identifier.urihttp://hdl.handle.net/10371/93858-
dc.description.abstractSamsung Group’s success cannot be attributed to its corporate governance structure, at least thus far. The corporate governance of Samsung has been rather controversial. As the group faces the succession issue the corporate governance has become as crucial as their new products and services. Samsung has discovered a role model on the other side of the planet, Wallenberg Sphere in Sweden. Much effort has been made to learn about Wallenberg’s arrangements and key to its success. However, a fundamental difference between the institutions in Sweden and Korea has made the corporate structures of the two groups radically different. Wallenberg uses the dual-class commons whereas Samsung relies upon the circular shareholdings through affiliated firms. This Essay explains and analyzes the two different institutions and corporate structures, and argues that the introduction of the dual-class commons in Korea would make the corporate governance of Samsung more transparent and efficient, if and only if accompanied by Samsung’s commitment to socially responsible corporate citizenship. This Essay also explains and analyzes the recent developments in corporate governance of non-banking financial institutions in Korea and looks into the issue from the perspective of Samsung’s structure in comparison with Wallenberg’s structure.-
dc.language.isoen-
dc.publisherSchool of Law, Seoul National University-
dc.subjectConcentrated Ownership-
dc.subjectCorporate Governance-
dc.subjectDual-Class Commons-
dc.subjectHolding Company-
dc.subjectSamsung-
dc.subjectSocial Responsibility-
dc.subjectWallenberg-
dc.titleConcentrated Ownership and Corporate Control: Wallenberg Sphere and Samsung Group-
dc.typeSNU Journal-
dc.contributor.AlternativeAuthor김화진-
dc.citation.journaltitleJournal of Korean Law-
dc.citation.endpage59-
dc.citation.number1-
dc.citation.pages39-59-
dc.citation.startpage39-
dc.citation.volume14-
Appears in Collections:
College of Law/Law School (법과대학/대학원)The Law Research Institute (법학연구소) Journal of Korean LawJournal of Korean Law Volume 14 Number 1/2 (2014/2015)
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