Chaebol: the culture of Samsung and the Note 7's double recall (timeline)

Koh Dong-jin, president of Samsung Electronics’ mobile division, bows during a news conference in Seoul

Recently, activist hedge fund Elliott Management, which owns a small stake in Samsung, asked that the crown jewel electronics division of the company be spun off and listed on the NASDAQ, joining the pantheon of tech giants there like Apple, Microsoft, or Google's parent company, Alphabet. This would make Samsung Electronics more transparent and easier to control for shareholders, and would ensure management changes of the type that might have avoided the double Note 7 recall. It also has no chance of happening.