University of Michigan Law School University of Michigan Law School Scholarship Repository Articles Faculty Scholarship 2014 Concentrated Ownership and Corporate Control: Wallenberg Sphere and Samsung Group Hwa-Jin Kim University of Michigan Law School,
[email protected] Available at: https://repository.law.umich.edu/articles/1763 Follow this and additional works at: https://repository.law.umich.edu/articles Part of the Business Organizations Law Commons, Comparative and Foreign Law Commons, and the Law and Economics Commons Recommended Citation Kim, Hwa-Jin. "Concentrated Ownership and Corporate Control: Wallenberg Sphere and Samsung Group." J. Korean L. 14, no. 1 (2014): 39-59. This Article is brought to you for free and open access by the Faculty Scholarship at University of Michigan Law School Scholarship Repository. It has been accepted for inclusion in Articles by an authorized administrator of University of Michigan Law School Scholarship Repository. For more information, please contact
[email protected]. Journal of Korean Law | Vol. 14, 39-59, December 2014 Concentrated Ownership and Corporate Control: Wallenberg Sphere and Samsung Group* Hwa-Jin Kim** Abstract Samsung Group’s success cannot be attributed to its corporate governance structure, at least thus far. The corporate governance of Samsung has been rather controversial. As the group faces the succession issue the corporate governance has become as crucial as their new products and services. Samsung has discovered a role model on the other side of the planet, Wallenberg Sphere in Sweden. Much effort has been made to learn about Wallenberg’s arrangements and key to its success. However, a fundamental difference between the institutions in Sweden and Korea has made the corporate structures of the two groups radically different.