one-third of chaebol offspring marry children of similar background: Yonhap

By Park Sae-jin Posted : March 20, 2017, 16:43 Updated : March 20, 2017, 16:43

[Iclickart]

 
Nearly one-third of the children of South Korea's ten biggest business groups marry among themselves mainly due to business purposes, a survey showed Monday.

A total of 30.3 percent, or 94 family members out of 310 from chaebol families, married others from similar backgrounds, according to the survey by the Leaders Network. The term chaebol refers to the large family-run businesses that dominate the country's business landscape.

Forty-six chaebol family members, or 14.8 percent, tied the knot with the offspring of government officials and 14 members, or 4.5 percent, with the children of politicians. The remaining 50.3 percent married people without business connections.

"Marriage is the best way to enhance influence in doing business," an official of the network said. "The weddings of chaebol members appear to be part of a business arrangement."

(Yonhap)
 
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