I think you are right, and some things the new president said during the campaign suggests she too thinks the time is here for some “anti-trust” measures in regard to the Chaebols. Time will tell if I am right and how far she will try to go - IF I am right.
BUMP. Of course I wouldn’t support taking away their money or anything. They just should not be getting government loan guarantees and stuff that other businesses do not get. This allowed some of them to go into massive debt they could never have dug their way out of.
Does Daewoo ring a bell?
http://en.wikipedia.org/wiki/Daewoo
Using unlimited credit from the government it became the second largest corporation in South Korea with twenty or so divisions and hundreds of companies under its control. Of course in the 90’s the UNLIMITED credit was curtailed as economic problems hit SK.
In 1999 it went bankrupt with $84.3 BILLION in debt.
some divisions survive as independent companies now