hyundai motor: The fifth biggest company in South Korea, the Lotte Group has met unprecedented obstacles, which shows the shortcomings of South Korea family enterprise management mode, according to Global Times China. People want to know what kind of shield the company, which allegedly gained business favors from the Lee Myung-bak administration, got from the government. After the probe into the alleged corporate malpractice and corruption of the Lotte Group, the scandal over Samsung Galaxy Note 7-related explosions and the sudden bankruptcy of Hanjin Shipping, in late September around 50,000 employees of the Hyundai Motor went on strike to demand salary rises. The reports about the problems with Samsung smartphone batteries have scared global consumers. In the Chinese market, Samsung has been accused of acting with arrogance. The company had to recall at least 2.5 million phones, from which it is expected to suffer nearly $5 billion losses this year.
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