South Korean chaebol, or family-run conglomerates, are suffering from a value discount due to their poor governance but some of them still leave the problem unfixed, a US expert on investor relations said. “Frankly, some family owners don’t care about a value discount. But they should reconsider their corporate governance, because when you decided to go public and you take capital from shareholders, it’s part of a deal that they will try to maximize the company’s value,” said John Wilcox, chairman of Morrow Sodali, in an interview with The Investor on Nov. 10.
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