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South Korean firms Samsung, Hanjin Shipping and Lotte in difficulty

The recent recall of 2.5 million Samsung smartphones and the bankruptcy of leading shipping company Hanjin are the latest torments for South Korea’s family-controlled conglomerates. They’re struggling to adapt to an era of sluggish global growth. Now the chairman of the country’s fifth-largest business group, Lotte Group, is under investigation for corruption.

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