Business as usual for South Korea’s chaebol under Park

South Korea's conservative President-elect Park Geun-hye speaks during a news conference at the main office of ruling Saenuri Party in SeoulSEOUL (Reuters) – A Park will be back in South Korea's presidential mansion come February, and the big businesses, or chaebol, that dominate the country's economy will be breathing a sigh of relief that her left-wing challenger did not win Wednesday's presidential vote. Victory for Park Geun-hye, the 60-year old daughter of South Korea's former military ruler, in the election means the top chaebol – five of whom control assets worth 57 percent of gross domestic product in the world's 14th largest economy – can get back to the business of making money. …




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