this post was submitted on 03 Jan 2024
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No, the chaebol are absolutely a thing. That's how South Korea rebuilt after the wars. That's how we have Samsung and LG. Those families make up a majority of the country's GDP, and lobby substantially.
https://www.nytimes.com/2023/12/18/business/chaebol-south-korea.html
I'm Korean and I know what chaebols are ๐. They get many perks like not going to jail after committing crimes, but they don't control all aspects of people's lives here. That is overexaggeration and simply not true.