[데스크시각] 한화 김승연과 빙그레 김호연의 엇갈린 후계

This article reveals how changing regulatory frameworks and governance challenges have become decisive factors in Korean family business succession. While Hanwha navigated strengthened regulations through capital efficiency strategies, Binggrae's succession plans collapsed due to governance risks and inheritance tax burdens amplified by soaring company valuations. The case demonstrates that inheritance tax, once a financial burden, has transformed into an existential threat to corporate control when leadership credibility is compromised.