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IN ADDITION |
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South Korea’s chaebols are a throwback. Tangled and powerful, they date from the country’s efforts to bolster industrial growth in the aftermath of the civil war. Under tight family control and swept up on a wave of exporting success that has lasted on and off for half a century, they are everywhere. And they are also out-of-date, stifling growth and entrepreneurship, where once they drove it.
The idea of reforming these huge conglomerates is nothing new.
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