Why Chaebols are Destroying South Korea
Video Overview & Insights
Our Discord Community (FREE) ► https://discord.gg/r9b2Q9vT
Check out our video on South Korea's demographic collapse here ► https://bit.ly/4jYzQcZ
Let us know if you have any other video topics you would like us to explore!
📚 Review our sources ► https://pastebin.com/v5a3DjMW
💻 Check out our other socials ► linktr.ee/2and20
South Korea is more of a Dystopia than North Korea.
✋ Get in touch ► kamal@2and20media.com
Our first Korea video on the Demographics Collapse: https://www.youtube.com/watch?v=idyxC_lbHY8
Korea is often described as having one of the world's longest continuous hereditary servitude systems, lasting around 1,500 years The existence of a hereditary servitude system for centuries suggests that Korean society accepted deep inequalities based on birth. Unfortunately public discussion outside specialist history circles often focuses much more on the American and European cases than on comparable systems elsewhere.
A bag of macadamia nuts.
That’s all it took to expose the broken power structure at the heart of South Korea’s economy.
The flight attendant was banned for life
In 2014, Korean Air executive Heather Cho forced an international flight to return to the gate because the nuts weren’t served on a plate. She screamed at the crew, made the chief flight attendant kneel, and left him behind in New York.
This wasn’t an isolated incident. It was an expression of a deeply rooted phenomenon in Korea known as Gapjil, the abuse of power by the elite.
And the people who most often commit Gapjil? The heirs to South Korea’s most powerful corporations.
This video unpacks the rise of the Chaebols, family-run conglomerates like Samsung, Hyundai, SK, and Lotte, who control everything from ports and banks to media and manufacturing. These five groups alone account for nearly 45 percent of South Korea’s GDP.
Yeah the youth need to get out of there asap. Let the old rich die off and their kids seriously. I feel for this country as an American. I appreciate the culture and food but not this side of it.
We explore how Korea’s postwar industrial policy gave rise to these giants, why they’ve become untouchable, and how their unchecked power has corroded the country’s economy, labor market, and political system.
From crony capitalism and corruption scandals to jobless growth and SME exploitation, the Chaebol system has warped Korea’s democracy and economy. Their dominance is so extreme that Korean stocks trade at a discount to peers, not because the companies are weak, but because foreign investors don’t trust them.
Now I see why young people in korea are leaving and the female suicide rate is out of control. Literally going to bring down your own country smh
And it’s not just investors. Koreans themselves are losing faith.
Through secretive ownership structures, tax avoidance, related-party transactions, and monopolistic practices, Chaebols have crushed innovation, suppressed wages, and locked younger generations out of opportunity.
I keep saying we need a moral credit card for humans. wtf??? humanity groups should override these disgusting behaviors
In the end, this isn’t just a story about bad business.
It’s a story about how concentrated power kills meritocracy, eats away at democratic values, and builds a nation run not by the people, but by dynasties.
Disgusting!
This is: Chaebols, the Puppetmasters of the Morning Calm
00:00 - Intro
Umm...did he say Horse Dandy?
01:57 - Origins
05:58 - Crony Capitalism
so if this family is the root of the problem; why aren't the korean government taking steps to hold this family accountable? Oh i see, money and power has corrupted the korean government...
08:33 - Economic Dominance
11:51 - Conclusion
capitalism creates and enables monsters like these. People who defend or glorify them are cattle.
More User Perspectives
And then they wonder why men don't want to get married...
@eduardojesusjorgepascual1781Send the Phantom theives to raid their castles. Bring them to yield in front of the general population
@bluefox9019Besides disgusting behavior, this people can only function on that country that allows such behavior.
@Vik932Now let’s learn about other countries problems
@jinwoo3963The 'Korea Discount' is a textbook example of how poor corporate governance and lack of shareholder protections can holding a strong economy back. Without deep structural reforms, international investors will continue to stay cautious.
@kozDecodeFactsRead the title and thought chaebols was a disease or sickness ngl
@the_real_idoit8166what a gangster family or Mafia
@WilliamGates-c4hThis what too much money in one family does. The Trumps are destroying the entire US.
@joannabrailsford5961Rich people can't be trusted. The rules don't apply to them. Money is their drug and they're all junkies
@JenniferBreaux-k1kExpats should work to bring them down from outside the country.
@L-L-LBeeDisgusting behavior by these a-holes. Doesn't matter how much money you have, learn how to have class and learn etiquette when you step out into society!
@LKelly-ep8ceUSA now says Chinese Brands enjoy subsidiaries from the state that's why they can make EV cheap,
But isn't that what happen to Korea also, for Samsung , Lotte, Hyundai, LG etc would they have grown so big without govt help and cheap loans etc
It’s Actually the Fascist Capitalism Controlling the Republican Constitutional Democracy!
@StephenBao-s5qIt doesn't matter who they are, how rich or important they are. If they wronged someone, they should be punished. If they weren't punished by law, they would be punished in the streets by the people.
@NoaKleineBong Joon Ho’s Parasite was a documentary.
@williamgregory1848They are always showing it on Kdrama. Most of them are insane!!!
@Tania52-s5yChaebols, billionaires, royalty should have no special treatment. Period
@polishpsychIt’s almost like when the Government picks winners & losers, the winners become entitled and no longer feel the need to be responsible stewards for their companies…
@BlackGlass666"Although we believe in capitalism", after describing how capitalism aims for monopoly, and that monopoly is bad enough to make a whole country miserable. Jesus fuck...
@ginomatos7626I hope North Korea will liberate south Korea and get rid of these chaebols
@vintage9240Normalizing someone like Thi3l is very crazy. K0rea needs to wake up if they're a maniac's wet dream. Because it's very obviously destroying their society.
Also maybe let's not generalize? Collectivism doesn't mean everyone acts according to a template. Esp when Koreans have been agitating since the 80s. It's just a tricky situation for them to overturn. Not unimaginable. They often disrupt stuff. Please let's check bias if we want to be objective and factual.
Finally saying you "b3lieve in c4pitaIism" after seeing the situation around the world is also very odd. Such economic growth breaks the fabric of society, leads to the consolidation of power against humanity, and inevitably leads to exploitation and collapse. This is what we are seeing it's not "l3ftist propaganda" or "c0mmunism". It's something that we see, that we project using big data or just plain common sense, and that several people are suffering under.
And the fact that you can't even speak about these issues freely should be proof enough that the propaganda is coming from somewhere else.
Why didn't they just nationalize thés companies? Why did they put them in family businesses AND let them run these businesses? Very bad idea
@etherean369Ah, send in Americans
@lmart16You lost me at “We believe in capitalism.”.
@sayfullahdclxvi5773This should be the basis for a revolution.
@ChazzmatazzDid anyone else think this was a Vox video?
@calebnovick5561Another bullshit yapping video
@jackjung9722I think becoming a chaebol is the wet dream of any American billionaire (or any billionaire anywhere in the world). The only thing keeping them from doing it is the American culture of fighting the government if you must. Which is impossible in the Asian world.
@octavianepure8004North and south is not so different
@ridwan8886This is Korea, those guys had enormouus "re-education" camps untill the early 80s.The capitalism in S Korea is twisted as the communism in NK.😀
@HgHg-yp6ftI didn't realize webtoon drama bullshit was based on real life 😭
@vathiosdaggerblade2586In Korean culture ur expected to accept abuse from elders and those above u. I worked in a Korean company as a non-Korean. The boss never spoke down to me but he would do it to the Korean employees and they accepted it as normal.
@redeye54Just punch them or punch them back - here solved this national problem 😂
@LiLSizzlerrAll these chaebol leaders are so self-serving, exploitative, arrogant, and classical examples of what happened when too much of freedom and power are given to the privileged few.
@LowJuAnn-q3rbring a few thousand newyorkers there. they don't take disrespect
@KnightItshortsAverage elite behavior.
@VulcanismeOne penensiula, two dystopias
@w1ndtBelieving in capitalism is extremely foolish and misguided. Putting your faith in a system run by slavers 2.0 sounds deranged.
@knoway35951