Adrian Cheng, the third-generation scion of property dynasty New World Development, seemed poised to take over his family’s $20 billion empire. But last month, in a surprising twist, he was replaced as CEO by someone outside of his family.  

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Shawna Kwan about the succession drama at New World, the possible ripple effects on other family dynasties in the region, and what it all could mean for the future of one of Hong Kong’s major property developers.

Read more: New World Scion’s Fall Upends Succession at $23 Billion Dynasty

Further listening: $200 Billion, Four Heirs and One Might Indian Empire

Adrian Cheng, the third-generation scion of property dynasty New World Development, seemed poised to take over his family’s $20 billion empire. But last month, in a surprising twist, he was replaced as CEO by someone outside of his family.  
On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Shawna Kwan about the succession drama at New World, the possible ripple effects on other family dynasties in the region, and what it all could mean for the future of one of Hong Kong’s major property developers.
Read more: <a href="https://www.bloomberg.com/news/articles/2024-09-27/new-world-scion-s-fall-upends-succession-at-23-billion-dynasty">New World Scion’s Fall Upends Succession at $23 Billion Dynasty </a>Further listening: <a href="https://podcasts.apple.com/us/podcast/%24200-billion-four-heirs-and-one-mighty-indian-empire/id1746141911?i=1000664307126">$200 Billion, Four Heirs and One Might Indian Empire</a>

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

Inside the Succession Drama at a Hong Kong Property Dynasty

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/831d15f1-74b8-491b-89f8-b203013a5ff3/transcript

South Korea’s family-run conglomerates – or chaebols – have been big drivers of economic growth, and because of that they’ve largely been seen as untouchable. Until now. The chaebols are being challenged, at a time when the stakes have potentially never been higher, with the country mired in political turmoil. On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg reporter Youkyung Lee about how a surprise takeover bid for one of the world’s biggest refined metal producers, Korea Zinc, is sending a chill through the chaebol world.

Read more: Powerful Families Who Dominate South Korea Face an Investor Revolt

Further listening: The Six Hours of Martial Law That Stunned South Korea

South Korea&rsquo;s family-run conglomerates &ndash; or chaebols &ndash; have been big drivers of economic growth, and because of that they&rsquo;ve largely been seen as untouchable. Until now. The chaebols are being challenged, at a time when the stakes have potentially never been higher, with the country mired in political turmoil. On today&rsquo;s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg reporter Youkyung Lee about how a surprise takeover bid for one of the world&rsquo;s biggest refined metal producers, Korea Zinc, is sending a chill through the chaebol world.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/features/2024-12-10/korea-s-rich-powerful-families-face-revolt-amid-martial-law-political-chaos?utm_source=website&amp;utm_medium=share&amp;utm_campaign=copy">Powerful Families Who Dominate South Korea Face an Investor Revolt</a>
Further listening: <a href="https://podcasts.apple.com/us/podcast/the-six-hours-of-martial-law-that-stunned-south-korea/id1746141911?i=1000679357319">The Six Hours of Martial Law That Stunned South Korea</a>

The Most Powerful Families in South Korea Brace for the Next Revolt

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/14597e32-34f3-435a-b059-b24201639807/transcript

In an address broadcast live on Tuesday night, South Korean President Yoon Suk Yeol declared martial law in a move that shocked the nation – and the world. But within hours, after lawmakers unanimously rejected the move and protesters converged on parliament, Yoon went on live television again and backed down, promising to lift the emergency measure.

On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Sam Kim in Seoul to break down the stunning turn of events. They talk about what happened on the ground during the brief period of martial law, and what the political chaos means for an emerging democracy that remains a key military ally and trading partner of the US.

In an address broadcast live on Tuesday night, South Korean President Yoon Suk Yeol declared martial law in a move that shocked the nation – and the world. But within hours, after lawmakers unanimously rejected the move and protesters converged on parliament, Yoon went on live television again and backed down, promising to lift the emergency measure.
On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Sam Kim in Seoul to break down the stunning turn of events. They talk about what happened on the ground during the brief period of martial law, and what the political chaos means for an emerging democracy that remains a key military ally and trading partner of the US.

The Six Hours of Martial Law That Stunned South Korea

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/eab92702-38cc-4eac-afdb-b23d00f9d465/transcript

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump.

On today’s Big Take Asia Podcast, we unpack what a second Trump term means for China, India and other Asian economies – who are the potential winners and losers and what’s ahead. Host K. Oanh Ha is joined by Daniel Ten Kate, Bloomberg’s executive editor for Asia economy and government, Chan Heng Chee, the ambassador-at-large with the Singapore Foreign Ministry, and Erin Murphy, deputy director of Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies.

Read more: Trump Is Set to Elevate China Hawks, Deepening Beijing Rift

Further listening: The Economic Impact of Trump’s Promises

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump.
On today’s Big Take Asia Podcast, we unpack what a second Trump term means for China, India and other Asian economies – who are the potential winners and losers and what’s ahead. Host K. Oanh Ha is joined by Daniel Ten Kate, Bloomberg’s executive editor for Asia economy and government, Chan Heng Chee, the ambassador-at-large with the Singapore Foreign Ministry, and Erin Murphy, deputy director of Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies.
Read more: <a href="https://www.bloomberg.com/news/articles/2024-11-12/trump-s-security-advisor-pick-sees-china-as-the-greater-threat">Trump Is Set to Elevate China Hawks, Deepening Beijing Rift </a>Further listening: <a href="https://podcasts.apple.com/us/podcast/the-economic-impact-of-trumps-promises/id1578096201?i=1000676550593">The Economic Impact of Trump’s Promises</a>
Become a <a href="http://bloomberg.com/">Bloomberg.com</a> subscriber using our special intro offer at <a href="https://www.bloomberg.com/subscriptions/podcasts?utm_campaign=BigTakeDaily&amp;utm_medium=referral&amp;utm_source=Podcast">bloomberg.com/podcastoffer</a>. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.

Another Trump Term Is Coming. Is Asia Ready?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/075aed62-81a4-4ede-ad6c-b2260161bd39/transcript

Inside the Succession Drama at a Hong Kong Property Dynasty

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