4 ms·

Korea needs another Park Chung Hee

• pcurve 11y ago
  That's what a lot of elder generation Koreans want now. Korea has been following the foot path of other industrialized nations, but at more accelerated pace. The country has peaked and its current course is not sustainable.
  • thepk 11y ago
    Does Korea have it's own version of the US's Sherman Anti-trust act? I'm no expert but doesn't having an entire country's economy beholden to a handful of super conglomerates make it potentially dangerous for the country and its economy in large?
    • pcurve 11y ago
      Most Koreans see it as a necessary evil because the system of cozy relationship between government and large conglomerates have served the country so well, at least in their mind. I think the system is starting to backfire because the income gap between those affiliated with the conglomerates and those who don't has stratospherically diverged, creating 2/3-tiered society.
      • honest_joe 11y ago
        But most koreans are not employed by conglomerates or at least not directly (laws). There are more and more anti-chaebol laws (they can't make soap and jeopardize small and medium makers).