The story of South Korea’s transformation from economic minnow to one of the world’s largest exporters owes much to its sprawling, family-run conglomerates. Known as chaebol, these long-time pillars of the nation’s “miracle economy” include the likes of LG, Hyundai, SK, Lotte and — largest of them all — Samsung. Yet the chaebol’s oversized influence and cozy relationship with government, highlighted by an influence-peddling scandal that cost the country’s president and Samsung’s top executive th
Source link : https://www.washingtonpost.com/business/south-koreas-chaebol/2019/08/29/f1abb25c-ca43-11e9-9615-8f1a32962e04_story.html
Publish date : 2019-08-30 02:08:49
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