Culture Of Abuse Found In South Korea’s Family Businesses

 

The physical and verbal abuse allegedly committed by Lee Myung-hee, matriarch of the Korean Air dynasty, between 2013 and 2017, against her staff is detailed in a new criminal indictment against Lee, released by a South Korean lawmaker this month.

Lee denies the charges against her, and she did not respond to requests for comment,

The charges against Lee follow the infamous "nut rage" incident, in which her daughter, Heather Cho, assaulted two Korean Air flight attendants who served her macadamia nuts in a bag instead of a porcelain bowl, as their plane prepared to take off. One of the flight attendants, Park Chang-jin, said part of the airline's employee training is dedicated to handling abuse.

Yet the family is by no means alone in facing accusations of abuse from staff. The scandals have sparked a nationwide debate on gapjil – a Korean word for those in power who lord over their underlings -- within the elite families who dominate South Korea's business and politics.

South Korea's economy is dominated by family-run conglomerates called chaebols. Their boards are dominated by family members and close associates, meaning some owners run these major conglomerates as their own personal domains, said Kim Eun-jung, an economy and labor specialist with the People's Solidarity for Participatory Democracy civic group.

The lack of external limits on the power of those leading the chaebols has meant the treatment experienced by Park is not unique to Korean Air, Kim added.

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Facebook Faces Tough Questioning Again

As disinformation becomes a major issue on social media, Facebook faced tough questions from legislators from nine countries as part of an international hearing on disinformation in London.

But a committee of members of the UK parliament stopped short of releasing documents Facebook has been trying to keep confidential,

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US Steps Up Pressure On China Over Trade Espionage

The Trump administration is doubling down on efforts to target China over economic espionage, announcing a new initiative to curb trade theft and charges involving alleged crimes against an Idaho semiconductor company.

The Department of Justice disclosed an indictment Thursday alleging that a government-backed Chinese firm, a Taiwanese company, and three Taiwanese individuals engaged in conspiracy to steal trade secrets from Micron, which makes memory chips,

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For decades, we have heard of the personality types A and B. You may have described someone as a “Type A” personality – an ambitious, competitive, and impatient person striving for success. Perhaps you would describe yourself as such.

But new research suggests the categorization of Type A and Type B personalities might be misleading.

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Apple CEO Proud Of Decision To Come Out

Apple CEO Tim Cook became the first CEO of a major company four years ago to come out as gay. He says he's happy about his decision and about his being gay.

16I17s greatest gift to me

Cook came out on October 30, 2014. His sexual orientation had been widely speculated upon but he hadn’t confirmed it openly.

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Greece Completes Difficult 3-Year Bailout Program

Greece has successfully completed a three-year eurozone emergency loan program worth €61.9 billion (£55 billion; $70.8 billion) to tackle its debt crisis.

It was part of the biggest bailout in global financial history, totalling some €289 billion, which will take the country decades to repay.

Deeply unpopular cuts to public spending, a condition of the bailout, are set to continue, report

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Global Economy Set Back

This week has been sobering from the point of view of global economy, with a rift at the G7 Summit and the Trump administration's slapping of tariff on Chinese imports.

The Trump administration confirmed Friday that it would move forward with tariffs on $50 billion of Chinese exports. Beijing called that a declaration of a trade war, and promised immediate retaliation.

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EU Tariffs On US Products From Friday

European Union tariffs on products from the United States will go into effect on Friday.

The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion), report the

The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.

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Trade War: US Allies Plan To Retaliate

America's biggest allies and trade partners are promising to fight back against US tariffs that threaten to spark a global trade war.

The European Union, Canada and Mexico said Thursday that they will respond to new US tariffs on steel and aluminum with punitive measures targeting American products worth billions of dollars, report the

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