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More than half of chaebol owners' children studied abroad

All News 11:08 July 04, 2018

SEOUL, July 4 (Yonhap) -- More than half of the adult children of chaebol owners' families studied abroad, data showed Wednesday, in the latest sign that owners of family-controlled conglomerates favor foreign universities.

A review of 114 adult children who participate in the management of their parents' business groups showed that 61, or 53.5 percent, had bachelor's degrees from overseas universities, according to the data compiled by industry tracker CEO Score.

Boston University accounted for the largest share with four graduates, including Cho Hyun-bum, president of Hankook Tire Manufacturing Co., South Korea's largest tiremaker by sales.

CEO Score said among the 61, there are three graduates each from New York University, Brown University, University of Chicago, Columbia University and Cornell University.

It also said Koo Kwang-mo, who recently became LG Group Chairman, graduated from Rochester Institute of Technology.


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