South Korea's chaebols are often seen as a source of pride and identity, but they are also giant corporations that have shaped the nation's economy. Alongside other brands you might know, like Hyundai and LG, these companies are seen as companies which are above the law and basically control the government. For example, Lee Jaeyong is not the first member of his family to see the inside of a prison, his father, Lee Kunhee, was arrested and charged for paying bribes to then President Roh Taewoo in 1996. The President that followed, Kim Youngsam, controversially pardoned him for his crime.
Gen. Park Chunghee, South Korea's controversial historic leader, fromed a partnership between the government and the private sector was developed that still dominates South Korean politics and economics today. We expolre this and more in this video.

We also answer the following question:
how many chaebols are there in korea?
how did chaebols in korea develop?
what are chaebols and why are they controversial?
what are chaebols in korea?
what does chaebols mean
why chaebols are bad
how powerful are chaebols
history of chaebols
what is Cho Hyunah nut rage incident
Who is Tae Won of SK group?
Who is Lee Byungchull
Is Korean air a Chaebol?
Is Moon Jaein fighting chaebols?
Hyundai, Samsung, LG, Hanjin, Kumho, Lotte, and SK Group , Hyundai, Shinsegae, CJ, LS, Daelim, GM Daewoo, Hite Brewery Company, Daewoo Construction, Dong Kuk Steel Mill, Daewoo Shipbuilding and Marine Engineering(DSME), stx, Korea Agricultural & Rural Infrastructure Corporation, Tong Yang, KT&G, Hyosung, Hyundai Oilbank, Hyundai Department Store, Kolon, Hyundai Development Company, KCC, Hanjin Heavy Industries, Seah, Young Poong, Taekwang, Booyoung, Hanaro Telecom, Taihan Electric Wire, Ssangyong, Hansol, Nong Shim, Daesung, ELand, Dong Yang Chemical, Samyang, Munhwa Broadcasting Corporation(MBC), Taeyoung, Hankook Tire, JoongAng Ilbo Corp.
#Finance #Economics #chaebol