How Powerful Should Korea’s Chaebol Be?

Lee Bok Sun is planning to close her 28-year-old fruit store in Seoul for good. Many of her customers have switched to a new hypermarket owned by one of South Korea’s chaebol, the family-controlled business groups that dominate the economy. “My baby brother gave me the money to start this shop to thank me for […]

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The Family-Owned Chaebol Are In Everyone’s Sights In An Election That Could Change South Korea

SINCE the days of Park Chung-hee’s often brutal dictatorship (he seized power in 1961 and was assassinated in 1979), South Korea has transformed itself as a democratic nation. Its politics, enlivened by occasional fisticuffs in the National Assembly, are among the most vibrant in Asia. The bid by the late strongman’s daughter, Park Geun-hye, to […]

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Sorry For The Dictatorship Part

“I UNDERSTAND that the end does not justify the means…I apologise to the victims hurt by my father’s dictatorial rule in this regard.” These were the words offered by a leading hopeful for the presidency, Park Geun-hye, on September 25th. She was taking the bull by the horns, addressing what her opponents and other critics […]

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