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South Korean big deal no big deal until Santa comes

Chaebols put off decision until Klaus arrives

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The much vaunted "big deal" that will help the large five family conglomerates sort out their affairs has now been deferred to December. According to our virtual twin, The Korean Herald, intensive all-night talks have failed to produce any kind of result whatever. But Hyundai and LG have chosen to introduce a third party to help them decide the issue, the English language newspaper said. That will also not happen until Santa Claus comes down some chaebols' chimneys. ®

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