http://www.bbc.co.uk/news/world-asia-43783832
You have to wonder how rich parents pass on social skills to the offspring, do they just leave it to the staff?

Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR
F9Animal wrote:I am confused. Is Korean Air owned by a family?
LAX772LR wrote:I'm not trying to be polemical, but I wanna just summarise to understand better: Basically, a "chaebol" is a form of nepotism. The way I read it, it doesn't seem to be possible to break those chaebols because of their grip on Korean economy, possibly going even all the way up to the Blue House.F9Animal wrote:I am confused. Is Korean Air owned by a family?
KE is owned by the Hanjin Group... it's a type of closely-held conglomerate called a "chaebol," where it's not uncommon to see a single person as majority holder, and his/her family members forming the directors and executives throughout the different businesses in holding.
For Hanjin, it's Cho Yang-Ho and his nutty daughters.
LTU932 wrote:LAX772LR wrote:KE is owned by the Hanjin Group... it's a type of closely-held conglomerate called a "chaebol," where it's not uncommon to see a single person as majority holder, and his/her family members forming the directors and executives throughout the different businesses in holding.
I'm not trying to be polemical, but I wanna just summarise to understand better: Basically, a "chaebol" is a form of nepotism.
Kashmon wrote:I can't wait for the daughters to take over the airline
It will be hilarious!
LAX772LR wrote:LTU932 wrote:LAX772LR wrote:KE is owned by the Hanjin Group... it's a type of closely-held conglomerate called a "chaebol," where it's not uncommon to see a single person as majority holder, and his/her family members forming the directors and executives throughout the different businesses in holding.
I'm not trying to be polemical, but I wanna just summarise to understand better: Basically, a "chaebol" is a form of nepotism.
It's not all that unique to be honest. Similar to how closely-held corporations work in the USA.
Heck, not to be political, but just to give an example that may be more familiar to many:
The Trump Organization basically functions the same way -- one guy at the head, with his children and friends running every other aspect of the company.
keesje wrote:What is she saying?
PolarRoute wrote:WOW. Just wow. So ashamed.. The Cho's have to get the F out of Hanjin group.
hoons90 wrote:keesje wrote:What is she saying?
It's all over the place with non sequiturs and a lot of it doesn't make sense without context.
"You %[email protected]%, what was it that was filmed?"
"You think I don't know that there's no one here?"
"Who the hell is this guy?!?"
"I told you to remember, to report to me in advance!"
"What? What did you say?!?"
"Whatever, GET OUT!!!"
"I was going to ask. I am going to ask YOU!!!"
"I don't know how many people it's going to be. I don't KNOW!!!"
"You're driving me crazy!!!"
"Who do you think you are?!?"
PolarRoute wrote:winginit wrote:PolarRoute wrote:WOW. Just wow. So ashamed.. The Cho's have to get the F out of Hanjin group.
Can anyone speak intelligently to the current financial straits of Hanjin Group? I recall they declared whatever the Korean equivalent of bankruptcy is in late 2016 and am surprised that management remains in tact through that? Maybe I shouldn't be...
Took a brief tour of their Wilshire Grand Center in DTLA the day it opened and was shocked to see it essentially unfinished. A few murmurs behind the scenes during breaks alluded to Hanjin's financial difficulties being the driver.
I think you're referring to Hanjin Shipping. They officially went bankrupt in Feb. 2017, due to the poor management and intervention of unelected official of the time, Choi Soon-sil. Hanjin Group at the time was struggling financially to rescue the sinking subsidiary company. But now that the subsidiary has gone bankrupt, it is no more doing any harm toward its parent comapny Hanjin Group. Cho Yang-ho was in charge of Hanjin Shipping, but he remains to be the CEO of Hanjin Group as he has been throughout the whole incident.
So one might think that the management team should be dismissed through all these but.. that's just simply not the case. Hanjin Group, as you seem to know, is a conglomerate controlled by its largest shareholder Cho family. This inheritance of ownership of a corporation is something that's largely popular in and specific to Korea. As the people experience this corporate monarchy, the owner family's authority over the corporation becomes bigger and bigger, to the extent where they can remain intact through all the ridiculous incidents like the nut return, water throwing, and even letting the largest shipping company in Korea go completely bankrupt.
You can view this as a type of 'gapjil', which New York Times in this article ( https://www.nytimes.com/2018/04/13/worl ... n-air.html ) defines to be:the abuse of underlings and subcontractors by executives who behave like feudal lords.
It specifically states 'the abuse of underlings and subcontractors', but in large scheme of view it really refers to anything immoral done by the abuse of power or social state on someone who is relatively an underdog. This includes: customer being dicks toward service agent, part timer not getting paid, etc...
In this particular incident of Hanjin Shipping's bankruptcy, the CEO Cho Yang-ho ought to be dismissed. However he is the CEO of the whole Hanjin conglomerate and on top of that the shareholders have gradually lost their voices throughout years and decades of corporate monarchy. No one can really overthrow him or do anything about it. Hence the management remaining intact.
winginit wrote:PolarRoute wrote:WOW. Just wow. So ashamed.. The Cho's have to get the F out of Hanjin group.
Can anyone speak intelligently to the current financial straits of Hanjin Group? I recall they declared whatever the Korean equivalent of bankruptcy is in late 2016 and am surprised that management remains in tact through that? Maybe I shouldn't be...
Took a brief tour of their Wilshire Grand Center in DTLA the day it opened and was shocked to see it essentially unfinished. A few murmurs behind the scenes during breaks alluded to Hanjin's financial difficulties being the driver.
the abuse of underlings and subcontractors by executives who behave like feudal lords.
winginit wrote:Very helpful thank you. And am I correct in assuming that the heads of these conglomerates are tight-knit with the Korean political powers to the point where the government won't intervene?
obelau24 wrote:There has to be some balance between service and subjugation and Koreans don’t know or want to know the difference.
obelau24 wrote:The underlying problem is that of tolerance to the idea of a relationship between the dominant and inferior - it’s a feeling that permeates through every aspect of Korean Air’s culture. Passengers can become belligerent at anything they dislike and the staff are expected to kowtow to their whims and desires. It’s the idea of subservience versus mutual respect that has no place in the modern-day service industry - but that’s my American idealism taking over. There has to be some balance between service and subjugation and Koreans don’t know or want to know the difference.
c933103 wrote:It seems like the event continue to unfold?