«The responsibility to the government and to national development is much stronger for Korean chaebols,» she added, highlighting how the close ties between the government and local conglomerates are increasingly being questioned today. (cnbc.com)
For chaebols then, it's likely a case of being caught between a rock and a hard place: The companies have to deal with the fallout from the recent scandal, as well as follow through with the promises they had made in the lead up to the Olympics. (cnbc.com)
Even though North Korea's participation in the games hogged the spotlight in the lead - up to the event, the suspension of Jay Y. Lee's five - year prison term for bribery has raised questions more recently over chaebol reform in South Korea. (cnbc.com)