STX aims to raise revenue 5-fold in 10 years

In a country where giant business conglomerates dubbed chaebol dominate the economy, it is hard for new entrepreneurs to take a firm root in a rivalry with the established players. 

Observers point out that there were only two groups, which have successfully emerged as notable newcomers to the chaebol system during the first decade of the new millennium ― STX Group and Mirae Asset Group.

Since its inception midway through 2001, the former has chalked up strong growth to become one of best shipyards in the world ― STX racked up about $20 billion in revenue last year.