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Samsung passed this test in 1987 when the founder handed over to his son, Lee Kun-hee. Now Mr Lee’s son, Jay Y. Lee, has been appointed chief operating officer of Samsung Electronics and a new transition looms. If Mr Lee the third has business acumen, fine. If not, the whole country could suffer.
Find out how much of an Apple iPhone is actually a Samsung with our "teardown" infographic. Moreover, there are signs that the chaebol may be stifling innovation and entrepreneurship. They have proved expert at applying and improving existing technology, even the high technology of touch-screen smartphones. But except in some internet businesses and computer gaming, South Korea has few start-ups or cutting-edge technology firms. It lacks nationwide venture-capital businesses, says Hasung Jang, the dean of Korea University’s Business School, because each chaebol has one of its own. The firms snap up the best and brightest and turn them into company men. Mr Jang compares the conglomerates to light-hogging trees in a forest: their canopy may be impressive, but it is hard for anything to grow underneath.
Koreans perceive fewer opportunities for entrepreneurship than any of their peers in rich countries except Japan, according to an annual survey by the Global Entrepreneurship Monitor, set up by the London Business School and Babson College, Massachusetts. As South Korea moves towards the technological frontier, such attitudes will have to change. Innovation is not going to come if everyone shelters from risk in the chaebol.

A. 어휘
appoint 임명하다. transition 移轉(이전). loom 어렴풋이 나타나다.
acumen 총명함, 통찰력. teardown 분해, 해체.
infographic=information+graphic. stifling질식시키다.
entrepreneurship 기업가 정신(창업의욕). start-ups 신생기업.
cutting-edge 최첨단의. dean 학장. snap up 덥석 물다.
hog 돼지, 다 차지하다. light-hogging 햇빛을 다 차지하는.
canopy 天蓋(천개), 지붕처럼 잎이 무성한 나무. perceive 感知(감지)하다, 인지하다.
peers 또래. shelters 피난하다, 숨다, 은신처.