The oligarchies threatening South Korean democracy

South Korea has long been considered an economic success story, with companies like Samsung, Hyundai, and more chaebol seen as forces that enabled South Korea to develop into a highly developed democracy. Today, however, the chaebol are seen by many as being so entrenched in the political system that they are the root cause for corruption and stagnation and hyper-competitiveness that have beset the country. One of the biggest challenges, besides dealing with North Korea, that the new president faces, is how to deal with these incredibly powerful conglomerates who are practiced at making cosmetic changes, rather than fundamental ones.

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