Special no more? Holding Korean chaebol to higher account

December 10, 2014 9:57 AM

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SEOUL (Reuters) - The uproar that forced a Korean Air Lines executive to resign after delaying a flight because she was unhappy with the way nuts were served points to growing intolerance of corporate bad behavior in a country dominated by family conglomerates.

Public frustration has long simmered over a culture of impunity that saw bosses of corporate groups known as chaebol often evading jail time for more serious offences. Due to poor governance and stingy dividend payouts, shares of South Korean companies trade at discounts to peers elsewhere.

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