Japan has "Keiretsus", and South Korea has "Chaebols" - "a large industrial conglomerate that is run and controlled by an owner or family in South Korea.[2] A chaebol often consists of a large number of diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority."
I don't know if that's the case here, but Chaebols dominate South Korean industry and commerce.
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