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Korea's chaebols feel the heat as shareholders scrap Samsung merger

2014-11-21 14:13:11| Chemicals - Topix.net

Investors are challenging the unilateral decisions made by South Korea's biggest family-run firms, putting pressure on the chaebols that form the backbone of Asia's fourth-largest economy to take their interests into consideration. This week, investor backlash led Samsung Heavy Industries and Samsung Engineering, affiliates of Samsung Group, to abandon a $2.5 billion merger.

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