Don Park: Korean Chaebols and Warren Buffett

Don Park talks about corruption in Korea among the chaebol familiy members.

They are all family controlled and these families all have secret funds created from questionable accounting practices and fake transactions with shell companies. Part of the secret fund goes to politicians and bureacrats. Korean economy is built on not only sweats of Korean workers, but also on corruption. It doesn’t matter whether its a chaebol or a small startup. Corruption rules in Korea.

This site uses Akismet to reduce spam. Learn how your comment data is processed.