Vincent Boland: South Korea’s billionaire dynasties face a reckoning as their family businesses outgrow them

For all its modernity, the country’s corporate sector is stuck in a peculiarly Korean time warp, and this is especially true of Samsung, which is now too big for the Lee family who controls it

Lee Kun-hee, centre, with daughters Lee Boo-jin and Lee Seo-hyun in 2012. He died in October, leaving his family with an $11 billion inheritance tax bill. Picture: Steve Marcus/Reuters