Seoul relies on chaebols for North Korean investments, dubious reform


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North Korean leader Kim Jong Un (left) and South Korean President Moon Jae-in (right) shake hands with the military demarcation line at the meeting for the inter-Korean summit to be held on April 27, 2018 in Panmunjom, South Korea.

Korean Summit Press Pool | Getty Images

North Korean leader Kim Jong Un (left) and South Korean President Moon Jae-in (right) shake hands with the military demarcation line at the meeting for the inter-Korean summit to be held on April 27, 2018 in Panmunjom, South Korea.

South Korean President Moon Jae-in has taken office with the commitment to reform the family-run conglomerates, known as chaebols, but critics say this initiative has been dismissed from the fact that the government is focusing on North Korea.

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