this post was submitted on 03 Jan 2024
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[โ€“] Sweetpeaches69@lemmy.world 7 points 9 months ago (1 children)

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

[โ€“] jaya@lemmy.world 3 points 9 months ago

I'm Korean and I know what chaebols are ๐Ÿ˜‚. 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.