| Kyungsun Chung is one of the grandsons of Chung Ju-yung, who started out with a car-repair shop in Seoul in the 1940s and built it into the Hyundai Group, South Korea’s second-largest conglomerate behind Samsung. With that family tree beneath him, the traditional and obvious career path for Kyungsun would have been to join the family business and remain within its folds. However, instead, he has dedicated his professional life to impact investing through The Sylvan Group, the Singapore-based private-equity firm he co-founded along with Scott Jeun in 2020. Here Kyungsun explains where he thinks his preference for “stakeholder capitalism” comes from and shares some insights into why he believes family businesses are often more resilient and sustainable. https://www.pictet.com/ch/en/wealth-management |
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