Top Chaebols Favor Industry Insiders Over Academics and Ex-Prosecutors for Board Seats

SEOUL, May 26 (Korea Bizwire) — South Korea’s top 30 conglomerates are increasingly choosing people with a business background over former prosecutors or professors as their outside directors, industry data showed Tuesday. According to data from corporate tracker Leaders Index, 239 listed units of the country’s top 30 conglomerates by assets hired 152 new outside [...]