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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 supe
by 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 agoMost 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 agoBut 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).