Big family business groups known as chaebol still dominate in the Republic of Korea, stifling the growth of other businesses and causing investors to look twice before putting money in the country.

These huge diversified companies led the country’s emergence but have since become a drag on its growth.

A recent report by the Organisation for Economic Co-operation and Development looked at the issue. Randall Jones, head of the OECD’s Japan and Korea desk, suggested some ways to fix the problem at an event hosted by the Asian Development Bank Institute.

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About the speaker

Randall Jones is head of the Organisation for Economic Co-operation and Development’s Japan and Korea desk.

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