"Chaebols are owned, controlled, and/or managed by the same family dynasty, generally that of the group's founder. Family members are usually placed in management positions, giving them more control over the way the businesses operate. Some of the originating families aren't necessarily majority stakeholders in the chaebols but they may still have some association with them . Chaebols hail from South Korea, but their structure is not unique,"
"South Korea's accelerated rate of progress has been built on substantial aid from the US. In addition to military security to keep the DMZ and nuclear threats from North Korea in check, the US has also allowed South Korea a sweetheart unbalanced trade deal that included such terms as: A South Korean average tariff on US agricultural goods of 54%. A 6.2% South Korean tariff on US industrial goods. By contrast, the average US tariff on Korean agricultural goods was 9%, and 3.2% for industrial"
Chaebols are large South Korean conglomerates typically owned, controlled, or managed by a founding family, with relatives placed in management even when they lack majority ownership. Comparable family-controlled firms exist globally, including Murdoch's News Corp and the Walton family at Walmart. Hyundai and Samsung, major chaebols with large U.S. presences, were targeted by the Trump Administration's reciprocal tariff policy announced in March 2025 and responded with multibillion-dollar U.S. investments to avoid tariffs. South Korea's rapid economic and cultural ascent—especially in technology, film, and K-Pop—has been supported by substantial U.S. military protection and preferential, unbalanced trade terms.
Read at 24/7 Wall St.
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