Tag: crony capitalism
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Why Chaebols, the Puppetmasters, are Destroying South Korea
A bag of macadamia nuts exposed South Korea's flawed class structure. In 2014, Korean Air executive Heather Cho required a flight back to eviction over nuts served without a plate, scolding the crew and embarrassing the chief flight attendant. This occurrence of Gapjil– elite power abuse– revealed a deeper concern. South Korea's economy is controlled…