Conglomerates Speed up Spinoffs as Legislators Move to Restrict Them

SEOUL, Nov. 23 (Korea Bizwire) – A number of South Korean companies have announced spinoffs of subsidiaries with promises to become more transparent and improve management, but market watchers say they were driven by the growing legislative movement to prevent spinoffs from strengthening corporate owners’ control.  Snack manufacturer Orion Corp. and dairy producer Maeil Co. [...]