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Similar to LG, is that correct? I have no clue that's why I'm asking.
by moritzwarhier 2y ago
Similar to LG, is that correct?
I have no clue that's why I'm asking.
- deleted 2y ago[deleted]
- alephnerd 2y agoYep. It's a Chaebol. Antitrust really isn't a thing in Asia, so horizontal and vertical integration is extremely common. Most Asian countries based their corporate structures on Japan's Zaibatsus and Keiretsus.
- deaddodo 2y agoLG and Samsung are separate chaebols.
- alephnerd 2y agoIk. OP asked if it's "similar" to LG and I explained why - because it's a Chaebol like LG, Lotte, CJ (used to be part of Samsung), Hyundai, etc. Similar =/= Same
- deaddodo 2y agoAh, I misread it because it's a common misconception. My apologies!
- alephnerd 2y agoNo worries! Kinda surprised that people would assume LG and Samsung are the same company
- deaddodo 2y agoIt's common enough to be asked often enough: https://www.quora.com/Is-LG-a-part-of-Samsung https://www.quora.com/Is-LG-a-part-of-Samsung I think people are mixing up the Hyundai/Kia situation (where the former does own a significant portion of the latter) via second-hand recall.
- deaddodo 2y agoNo, they are both competitive chaebols (a Korean form of conglomerate).
- moritzwarhier 2y agoYes with "similar" I did not mean that they were part of one entity. I was just thinking about them being large and strongly present in many different business sectors. So a conglomerate I guess. Thanks
- deaddodo 2y agoYeah, I misread it. My apologies.
- bigmattystyles 2y agoInteresting, I'd never heard the word `chaebols` and instantly was reminded of the word `cabal`. Turns out, completely different etymologies.