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: <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:&nbsp;<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>

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The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

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

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9dd0cfe7-e8ef-4d0d-aaa4-b243016bd1e7/transcript

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