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RE: LeoThread 2025-01-12 05:27

in LeoFinance3 days ago

Part 4/9:

This strategy involved the establishment of “chaebols,” large family-owned conglomerates like Samsung and Hyundai, which were granted favorable policies to spur their growth. Initially starting with low-tech exports, these corporations progressively transitioned to high-tech outputs, integrating themselves deeply into the global economy. Chaebols now account for about 80% of South Korea’s exports while employing only a fraction of the workforce, leading to significant power imbalances, labor law violations, and rising inequality.