@@riez45 No. Somi is under Blacklabel. We never say Somi is under YG. While Blacklabel is an associated company of YG (because of Teddy), it is still a different management.
@@foxofyourdreams BLACKLABEL is a SUBSIDIARY UNIT of YG ENT., The CEO of BLACKLABEL is TEDDY but it is still controlled by YG too, as it has shares with the unit.
Isn't this just how monarch back in ancient time tried to protect their wealth and influence?? Damn south Korea just rebranding dynasties in modern term.
Welcome to late stage capitalism. Much of the same thing is happening across the globe, you just don't realize it. The rich get richer, hoarding wealth and resources and leaving the rest of us to struggle. It's the return of the aristocracy, and only the ultrarich will thrive.
Dude your parents will transfer all of their property to you and you will do the same for your child. Then what's wrong if the rich people are doing it. It's just that you are jealous and are finding a reason to justify your jealousy
That's why most of their young spend their youths being crazy and all, as they would not have such a freedom when they're an adult. I couldn't even imagine The pressure, the expectations, the manipulation and all they have gone through to survive and fit the will of their parents to keep their wealth. I'm happy just being an average person.
They can be an average person too... they just need to study and get a job.. then leave the family and do whatever they want... they only need to do what their family wants if they want to keep the money.. also there is only 1 samsung male hair.. so he could get away with a bit more atonomy if he wanted to stay.
@@mynailfairy same. I think there's a slang/term for the non-heir children, but it's Chinese not Korean slang. I think they're called trust fund babies.
Nope, all that wealth and status means you would be surrounded by manipulative people who wanted to use you or get rid of you. Leaves you with nobody to sincerely trust as a person
Basically , when korea was dommed and suffering from poverty. Where people were barely able to afford meals. These chaebols started their business at that time . I don't mind if they are controlling sk economy as in the end , they were the major source of korea's huge developing success in last 20 years.
Didn’t the government strictly funded these families to produce over a specific segment of the industry? It is less of a self-produced wealth, they were pretty much given control over their specific marketing’s and were chosen selectively.
@@tieAcherry101government gave incentives if the family export successfully so many chaebols are changed in the rank. The only two family still keep the rank. Samsung and Hyundai family. Daewoo, Hanbo, Dongmyeon etc many Chaebols disappeared due to competition
@@tieAcherry101you cannot convince them otherwise, they are brainwashed. Trust me, they think there was no other way South Korea could survive. They think smart Western educated people had to lead the country out of chaos through heavy handed government action. I really wish economists would dispel the myth of tiger economies.
She doesn't mean that. She means, whatever you're doing in that company, no matter how good you're, you will not be promoted if you are not one of their families
True, why should the family business be handed to any hardworking employee. Hard working employee can get to a top position but never a board member or a shareholder etc.. that's totally OK right.
Why can't the hard working employee have as much power in the company as a nepo kid? Why they must be below the family members? They're after all bringing a profit to the company, they are the reason the company is making money. Without them the nepo baby (who most likely has less qualification compared to the employee who has years of experience) placed in a position just because they're born into a specific family wouldn't be able to hoard the money.
"the most hardworking one doesnt get it there children do" this pisses me off so much obviously they pass it down just like normal ppl pass down their bussinesses and wealth to their children idk y ppl act like rich ppl dont deserve their wealth and should donate it to others they worked hard to earn it for themselves and their future generations they deserve to enjoy it
@@mnm2156so Obviously it's too much for the kids as well they might not be as smart or qualified as their parents so if they do one mistake the whole business might crash that their forefathers have build over the years as a result they might be in trouble
Honestly, i could care less if they choose their sons and daughters to run the family company cus I'm pretty sure even the parents would pick and choose which child would be more suitable to run the company, then educate and train them accordingly...
Exactly what I'm saying! Who cares if they build a dynasty or not? As long as they don't ruin their ancestor's legacy, keep it running well, and feed a lot of employees and treat them well, then why not? 🤷♀️
usually they just pick the eldest son. It's not likely any other child would be chosen unless the son was in a scandal or something. They don't really care which kid is more qualified.
If it’s a family business then the successor being a family member is basically how it works. If your father buys a house and instead of giving you as Inheritance decides to give it to another “more deserving hardworking random kid” I’m sure you won’t be pleased and the POV would be different. If you for example work really hard and setup a business for the betterment and stability of your family, you yourself won’t give it to a random non family person as a successor. The expectation that others would do it is foolish.
It's not the problem the problem arises when they marry other chaebol because now the no of chaebol has reduced how long will they continue this cycle they will be the one facing problems at one point all chaebol will be at the same point some might not be able to produce kids because of different reason then what will happen ?
@@IMINABEE you think poor just want money then you are wrong there have been instances where they( the chaebols kids) actually find proper , good partner in someone who is not very rich but as the family didn't accepted the relationship and he continued the relationship they (the family of chaebol) disowned him still the partner was with him so now what you wanna say the poor only want money?
like the kingdoms of the past, they married members of the same noble class. that is, all the kingdoms in Europe are related. Meanwhile, nowadays entrepreneurs marry entrepreneurs. Because only those from the same group are considered to understand their way of life.
If you own the company don't you want the lineage to remain in the family.....it's common and nothing great or wierd about it.....everyone does that.....if u build a multi million business you would want your child to run it or uou would want to pass it on to your child only....even if there are well qualified people .....the best thing to do is give them the freedom to work for u but u still have control over your business .....not sure what is it your trying to say Here....
If anything history tells me those method are a disaster waiting to happen. Its like a house of card. Its why the big biggggg company does not keep it in the family.
And when nuclear war between North and South happens, they can just move to another country and continue their business. So they can continue their lives without South Korea. Because they get majority of their revenue outside South Korea.
That exists in every country in the world (including those with planned economies). In Brazil we have the "quatrocentona", which are members of elite families descendant from the early settlers and explorers. Funny fact, the youngest billionaire in the world is Brazilian, a 19-year-old girl named Livia Voigt.
In many cases the most capable workers might be the children. They studied in the best school Nurtured to continue the family business Loyal to the family business (Even if they quit they wont join the competitor or leak info)
the rich kids might get admitted into fancy schools/colleges , but most of them seldom complete the course to earn their degree/ deploma. most rich kids have complacent mentality towards working hard (physically/ academically) so it is highly unlikely that they be capable enough to justify their designation
@@colinraiders5836but the thing is right more there aren't many chaebol left so at one point they might be in some trouble some of their kids might not be able to produce kids what will they do then? They will not adopt kids they can't !
I don't see a problem with keeping the business inside the family, they just need to find among themselves the most qualified person. At the end their grandfather worked hard for his own bloodline.
“Hard working company” my brother in Christ, these are not little, or even massive, family businesses competing in the free market fairly. These are *the* functional monopolies in SK, kept safe by protectionist policies and pro-them laws by a government over which they exercise well-known and enormous non-democratic influence. These kids are basically inheriting a legally and de-facto protected aristocratic status on birth which goes beyond “billionaires kids in the US” even. So yeah obviously it’s unsurprising that they would give even a tiny fraction of one kind of that power to any outsider, but let’s not act like this is somehow *fair*.
@@Sheenamay-ko9neThe made it so far as Samsung from literally exploiting the lower class, they get highly qualified people to run the company while the family gets to reap the benefits simply because of how they were born.
@@bloodbabe.2226 their families and ancestors worked for that and they are not forcing anybody to join, everybody 'wants' to join because that is just how good they are
@@bloodbabe.2226obviously. They own it, they took the risk, they created an empire, they created jobs in exchange of money, hence they reap the benefits. A job will always be a job, a business owner will always be a business owner. An employee is not doing a favour by being most qualified and working for the company, they are getting money in exchange paid by these "conglomerates". If they are so qualified, they can open their own companies Will you give your house to your housekeeper, just because they kept the house clean, did all the work, and managed your house?
This is interesting, I never knew this 😄 I'm glad I'm not a chaebol because all that pressure is crazy, not only in the business, but also in their personal lifes too 😭
But, I think that happens in everywhere. If you have an agricultural land, a private university, hospital, small shop, SME or the biggest businesses. It will always be them as owners. Isn't it fair? I don't see any problem, they created, they took the risk, they earn the profit. If they is a bankruptcy, it them who will suffer. The only problem is "monopoly" and people preferring jobs instead of opening a new company.
People preferring jobs instead of opening a new company probably bcz It will be very hard plus big one will crush your company especially in Korea where They could control the Government
obviously. They own it, they took the risk, they created an empire, hence they reap the benefits. A job will always be a job, a business owner will always be a business owner. An employee is not doing a favour by being most qualified and working for the company, they are getting money in exchange paid by these "conglomerates". If they are so qualified, they can open their own companies. These companies are doing favour over the country by creating jobs for the citizens, running the economy and hence the policy benefits. People need to come up with their own companies to solve the monopoly problem. Will you give your house to your housekeeper, just because they kept the house clean, did all the work, and managed your house?
The only problem was, it almost impossible to create a new company if your company within these Chaebol's Company Products bcz if They feel threaten, they can destroy your company easily and that's why creating new one willn't solve the Monopoly Problem in Korea, Gov could tried something but these people not just few ripples in the Nation but Waves that can destroy the Economy
😮bcz they crush the competition with nepotism, underhanded tactics and have their hands LITERALLY AT ALL LEVELS OF GOV. There are no opponents bcz they will annihilate any opponent with anti consumer, anti competion tactics. Anti-monopoly laws exists in the wesst for a reason
The problem is not necessarily the existence of rich families, but how there is no competition (As a global problem) either because the market is being too tightly controlled or because they snuff it out.
Well its pretty common in the west too, u know things that are called family businesses and family owned corporations. But the difference is that they dont own biggest part of the countries economy like Samsung does
You don't need to cry over this it happens in every country the rules are made to control the poor class not super rich/famous people they can get away with anything
Let them cook, tho I don't know anyone more capable of running country's most important companies than people who were born in the family that started it. They are 24/7 in the biz, they were raised in conference rooms and are in constant proximity to people who made all the best decisions to get where they are right now.
I am just feeling a strong urge to speak it out, that you exactly look same with a crush of mine in Chinese university! What's even surprising is she speaks English with same tone🤯🤯. Seems like there are more than one Ashleys in the world😅
I thinks its common for rich to marry into rich, a poor person would not be even in the picture, its only happens in the movies. Ofcourse there are rare cases,but thats all. And also many owners of the big companies do a lot of these for the people. Ex :- i know is the TATA group they donate around 66% of their profit. There shares are held by charities.
The same TATA group that is closing down plants with fossil-powered furnances under ecological pretenses in the UK just to build new ones in India? Look up their doings in Port Talbot
Not quite true. The inheitance tax rate in Korea is at 50%, one of the highest in the world. This means that for example, when a chaebol who has 50% of the company shares tries to give the “chairman/CEO” position to his kid, they will now only have 25% control over the company, making the company a prime target for private equity funds/corporate hunters. This is why 1st/2nd generation chaebols had total control over the companies, but now as we see more of the 3rd/4th gen chaebols, they have either already lost or about to lose the control over the company that their grandfathers founded. Also, sick and tired of these leftiest demonizing the chaebols, lee jae yong, the current (3rd gen) chairman of Samsung publicly pledged that he will not give his kids any of Samsung’s shares after serving some time in jail due to a ludicrous corruption charges that I personally think he’s innocent from.
![[TH] 2024 PMWC x EWC Group Stage Day 2 | PUBG MOBILE WORLD CUP x ESPORTS WORLD CUP](http://i.ytimg.com/vi/vwIQyCmNIBU/mqdefault.jpg)
Samsung family basically lmaoo
Samsung, Hyundai, SK LG, and Lotte are biggest.
What's Taeyong doing there 😂
Lee family eyyyy!
There is Hyundai and some other companies that are sitting up there they are the basically the capitalists of the country
😂😂😂😂😂
It looks like one of the chaebol granddaughter is gonna debut as an idol in new yg girl group
Not yg but blacklabel
it's basically the same cause they both connected ? @@foxofyourdreams
@@riez45 No. Somi is under Blacklabel. We never say Somi is under YG. While Blacklabel is an associated company of YG (because of Teddy), it is still a different management.
@@foxofyourdreams
BLACKLABEL is a SUBSIDIARY UNIT of YG ENT., The CEO of BLACKLABEL is TEDDY but it is still controlled by YG too, as it has shares with the unit.
@@foxofyourdreamstechnically still under yg? Just like bighit belift pledis etc are under hybe blacklabel is under yg
Isn't this just how monarch back in ancient time tried to protect their wealth and influence?? Damn south Korea just rebranding dynasties in modern term.
Bro, if you were on your deathbed, would you give your wealth to one of the most successful people in the world or your family?
@@IlIIIlllIllIIIllIlIIl Lol this is more realistic, choosing blood over others
We could say Samsung, Hyundai & the owner of LG in other Chaebols is the Royal bloodlines in Korea!!!
Welcome to late stage capitalism. Much of the same thing is happening across the globe, you just don't realize it. The rich get richer, hoarding wealth and resources and leaving the rest of us to struggle. It's the return of the aristocracy, and only the ultrarich will thrive.
Dude your parents will transfer all of their property to you and you will do the same for your child. Then what's wrong if the rich people are doing it. It's just that you are jealous and are finding a reason to justify your jealousy
That's why most of their young spend their youths being crazy and all, as they would not have such a freedom when they're an adult. I couldn't even imagine The pressure, the expectations, the manipulation and all they have gone through to survive and fit the will of their parents to keep their wealth.
I'm happy just being an average person.
They can be an average person too... they just need to study and get a job.. then leave the family and do whatever they want... they only need to do what their family wants if they want to keep the money.. also there is only 1 samsung male hair.. so he could get away with a bit more atonomy if he wanted to stay.
😂😂
WTF kind of a word salad did you throw to give sympathy for a bunch of spoiled rich kids! Come on.
Are you slow or what, They can be ordinary people if they want
You have no idea how normal they can be and how they are enjoying it everyday
They are like you but with mountains of money
Stephanie: They marry each other...
Me: SWEET HOME ALABA-!
Stephanie: They marry other Chaebols!
Me: Oh.
So they are like the nobility.
I mean, how far you can get with 12 families before everyone is cousins with everyone?
🤣
Exactly! 🤣
Eventually it'll be Alabama
I just heard there is a member in the new group of blacklables and one of the chaebals is gonna debut in this group 😯
yea and she only got in bc her family gave them money LMFAO
@@ekaii5638 omg, what's the source?
@@ekaii5638what's the source?
@@ekaii5638so? When was there a rule that rich people can’t be idols? Never heard of it
@@ekaii5638and ? that's good for her!
Basically all people do that. Parents give whatever they have to their children whether they are rich or poor.
It's not that simple for chaebol they are totally of different category u can't even compare them with normal people they are monarchies you can say
Ig the only problematic part is them marrying only among themselves. It makes marriage a business deal. Idk how many young members agree to do so
If there really is the chance to be born again, I wish to be a chaebol in my next life 😅
You would want to be a chaebol middle child or youngest. Got the perks but less burden.
Nah, too much trouble and responsibility 😅😅
@@mynailfairy I definitely want to be the youngest one 😅
@@mynailfairy same. I think there's a slang/term for the non-heir children, but it's Chinese not Korean slang. I think they're called trust fund babies.
Nope, all that wealth and status means you would be surrounded by manipulative people who wanted to use you or get rid of you. Leaves you with nobody to sincerely trust as a person
Basically , when korea was dommed and suffering from poverty. Where people were barely able to afford meals. These chaebols started their business at that time . I don't mind if they are controlling sk economy as in the end , they were the major source of korea's huge developing success in last 20 years.
Q3: What was the main reason for the 2008 market crash?
A: Some Koreans let out a toot
Didn’t the government strictly funded these families to produce over a specific segment of the industry? It is less of a self-produced wealth, they were pretty much given control over their specific marketing’s and were chosen selectively.
@@tieAcherry101government gave incentives if the family export successfully so many chaebols are changed in the rank. The only two family still keep the rank. Samsung and Hyundai family. Daewoo, Hanbo, Dongmyeon etc many Chaebols disappeared due to competition
@@tieAcherry101you cannot convince them otherwise, they are brainwashed. Trust me, they think there was no other way South Korea could survive. They think smart Western educated people had to lead the country out of chaos through heavy handed government action.
I really wish economists would dispel the myth of tiger economies.
@@user-vo5og9mm5hI could tell that you are a Korean based on your nickname 😂😂😂
I'm sorry why would they hand over a family business to anyone else outside the family? The fuck its not an election to run a country
She doesn't mean that. She means, whatever you're doing in that company, no matter how good you're, you will not be promoted if you are not one of their families
@@justanewbie972 You will get promoted. Just not to the highest echelons. There's a big difference.
@@justanewbie972 That's not what She mean, you obviously still promoted, it just you only reach maybe rank four from top of the family
True, why should the family business be handed to any hardworking employee. Hard working employee can get to a top position but never a board member or a shareholder etc.. that's totally OK right.
Why can't the hard working employee have as much power in the company as a nepo kid? Why they must be below the family members? They're after all bringing a profit to the company, they are the reason the company is making money. Without them the nepo baby (who most likely has less qualification compared to the employee who has years of experience) placed in a position just because they're born into a specific family wouldn't be able to hoard the money.
Love the way you say ‘Chaebol’💯
"the most hardworking one doesnt get it there children do" this pisses me off so much obviously they pass it down just like normal ppl pass down their bussinesses and wealth to their children idk y ppl act like rich ppl dont deserve their wealth and should donate it to others they worked hard to earn it for themselves and their future generations they deserve to enjoy it
the implication being the children arent as qualified as the most hardworking non-child employee
@@mnm2156 even small businesses pass it down to their kids not to best employee
@@vaninimishakavi9183 hence, the pressure
@@vaninimishakavi9183 she said it with no hesitations, ask her if she has some small business, i'll go there and work hard for her.
@@mnm2156so Obviously it's too much for the kids as well they might not be as smart or qualified as their parents so if they do one mistake the whole business might crash that their forefathers have build over the years as a result they might be in trouble
Honestly, i could care less if they choose their sons and daughters to run the family company cus I'm pretty sure even the parents would pick and choose which child would be more suitable to run the company, then educate and train them accordingly...
Exactly what I'm saying! Who cares if they build a dynasty or not? As long as they don't ruin their ancestor's legacy, keep it running well, and feed a lot of employees and treat them well, then why not? 🤷♀️
usually they just pick the eldest son. It's not likely any other child would be chosen unless the son was in a scandal or something. They don't really care which kid is more qualified.
Typo? It’s supposed to be “couldn’t care less” because you don’t care at all. 😉
If it’s a family business then the successor being a family member is basically how it works. If your father buys a house and instead of giving you as Inheritance decides to give it to another “more deserving hardworking random kid” I’m sure you won’t be pleased and the POV would be different. If you for example work really hard and setup a business for the betterment and stability of your family, you yourself won’t give it to a random non family person as a successor. The expectation that others would do it is foolish.
It's not the problem the problem arises when they marry other chaebol because now the no of chaebol has reduced how long will they continue this cycle they will be the one facing problems at one point all chaebol will be at the same point some might not be able to produce kids because of different reason then what will happen ?
@@debduttapathak8588 So the poor just want to share thier money by wedding ,even they don't have anything good enough for them right??
@@IMINABEE you think poor just want money then you are wrong there have been instances where they( the chaebols kids) actually find proper , good partner in someone who is not very rich but as the family didn't accepted the relationship and he continued the relationship they (the family of chaebol) disowned him still the partner was with him so now what you wanna say the poor only want money?
like the kingdoms of the past, they married members of the same noble class. that is, all the kingdoms in Europe are related. Meanwhile, nowadays entrepreneurs marry entrepreneurs. Because only those from the same group are considered to understand their way of life.
If you own the company don't you want the lineage to remain in the family.....it's common and nothing great or wierd about it.....everyone does that.....if u build a multi million business you would want your child to run it or uou would want to pass it on to your child only....even if there are well qualified people .....the best thing to do is give them the freedom to work for u but u still have control over your business .....not sure what is it your trying to say Here....
If anything history tells me those method are a disaster waiting to happen. Its like a house of card. Its why the big biggggg company does not keep it in the family.
In the PH we call them Oligarch.
I love how you say chaebol. So cute
Your videos are the best!!!!! ❤️❤️
Stephanniee listen upp🚨🚨apparently there is gonna be a chaebol in the black label who is going to debut 😮
Who???
@@suigeneris4707 Annie moon
But thats also normal if i start a company i also want to give responsibility to my childs and i want that they will manage those
This is why South Korea fights so hard to keep short sellers, foreigners, and domestic entrepreneurs out because that system is a house of cards.
And when nuclear war between North and South happens, they can just move to another country and continue their business. So they can continue their lives without South Korea. Because they get majority of their revenue outside South Korea.
That exists in every country in the world (including those with planned economies). In Brazil we have the "quatrocentona", which are members of elite families descendant from the early settlers and explorers. Funny fact, the youngest billionaire in the world is Brazilian, a 19-year-old girl named Livia Voigt.
In many cases the most capable workers might be the children.
They studied in the best school
Nurtured to continue the family business
Loyal to the family business (Even if they quit they wont join the competitor or leak info)
the rich kids might get admitted into fancy schools/colleges , but most of them seldom complete the course to earn their degree/ deploma. most rich kids have complacent mentality towards working hard (physically/ academically) so it is highly unlikely that they be capable enough to justify their designation
@@sisterssquad909have you met asian kids? The ones I have are miserable because they study to hard.
@@Cynical.1And they didn't even have a Kingdom to inherit. It is not like they can just wait for their parents to die or anything.
Chaebols marrying other family chaebols not only happening in Korea but all over the world..
Just to keep the money inside the family...😂
Its not just about money. Its also about compatibility, future strategy of head choebles and A life style both spouse can afford.
@@colinraiders5836but the thing is right more there aren't many chaebol left so at one point they might be in some trouble some of their kids might not be able to produce kids what will they do then? They will not adopt kids they can't !
Yes ,it 's very normal.Everyone want to choose the perfect match such as family background,education,wealth etc. for thier partner.
If Kdramas have taught me anything, the chaebols will have one dreamy looking one that sets out to change the broken system ....
I know nothing about Korea but I love your storytelling style and I’m hooked now
I really enjoy your videos. I started watching your video yesterday. Good work all the way from South Africa
I love watching your video
it's same in india also
It' not TAI FAT
財閥
Cai Fa (Mandarin)
Choi Fat Cantonese)
“Its not game of thrones” 😂😂
They need to fix the kitchen big machines. Lucky to have one refrigerator last 3 years w/o breaking down.
I don't see a problem with keeping the business inside the family, they just need to find among themselves the most qualified person. At the end their grandfather worked hard for his own bloodline.
After seeing what happened to such corporation as Boeing. Keeping the company in the bloodline is Better than hiring an outside CEO.
Happens everywhere girl .. will you give your hard works money to someone unknown or your own blood ..
Yeah… hard earned money that was earned by exploitation and worker abuse.
The Korean dynastys walked so the chaebols could run
Obviously business will be in the family, why would they hand their hard working company to strangers duh
“Hard working company” my brother in Christ, these are not little, or even massive, family businesses competing in the free market fairly. These are *the* functional monopolies in SK, kept safe by protectionist policies and pro-them laws by a government over which they exercise well-known and enormous non-democratic influence. These kids are basically inheriting a legally and de-facto protected aristocratic status on birth which goes beyond “billionaires kids in the US” even. So yeah obviously it’s unsurprising that they would give even a tiny fraction of one kind of that power to any outsider, but let’s not act like this is somehow *fair*.
@@tomdavies9004 yeah you want it to be fair? Build your own mega company and give it to strangers
@@Sheenamay-ko9neThe made it so far as Samsung from literally exploiting the lower class, they get highly qualified people to run the company while the family gets to reap the benefits simply because of how they were born.
@@bloodbabe.2226 their families and ancestors worked for that and they are not forcing anybody to join, everybody 'wants' to join because that is just how good they are
@@bloodbabe.2226obviously. They own it, they took the risk, they created an empire, they created jobs in exchange of money, hence they reap the benefits. A job will always be a job, a business owner will always be a business owner.
An employee is not doing a favour by being most qualified and working for the company, they are getting money in exchange paid by these "conglomerates". If they are so qualified, they can open their own companies
Will you give your house to your housekeeper, just because they kept the house clean, did all the work, and managed your house?
It’s gimme the vibe of “Crazy Rich Asian” 😂
This is interesting, I never knew this 😄
I'm glad I'm not a chaebol because all that pressure is crazy, not only in the business, but also in their personal lifes too 😭
They're the galaxies 🍷🧐
basically the sacred 28
But, I think that happens in everywhere. If you have an agricultural land, a private university, hospital, small shop, SME or the biggest businesses. It will always be them as owners. Isn't it fair? I don't see any problem, they created, they took the risk, they earn the profit. If they is a bankruptcy, it them who will suffer. The only problem is "monopoly" and people preferring jobs instead of opening a new company.
People preferring jobs instead of opening a new company probably bcz It will be very hard plus big one will crush your company especially in Korea where They could control the Government
obviously. They own it, they took the risk, they created an empire, hence they reap the benefits. A job will always be a job, a business owner will always be a business owner.
An employee is not doing a favour by being most qualified and working for the company, they are getting money in exchange paid by these "conglomerates". If they are so qualified, they can open their own companies. These companies are doing favour over the country by creating jobs for the citizens, running the economy and hence the policy benefits.
People need to come up with their own companies to solve the monopoly problem.
Will you give your house to your housekeeper, just because they kept the house clean, did all the work, and managed your house?
Right
Someone finally said it!
The only problem was, it almost impossible to create a new company if your company within these Chaebol's Company Products bcz if They feel threaten, they can destroy your company easily and that's why creating new one willn't solve the Monopoly Problem in Korea, Gov could tried something but these people not just few ripples in the Nation but Waves that can destroy the Economy
😮bcz they crush the competition with nepotism, underhanded tactics and have their hands LITERALLY AT ALL LEVELS OF GOV. There are no opponents bcz they will annihilate any opponent with anti consumer, anti competion tactics. Anti-monopoly laws exists in the wesst for a reason
@@zir456the government belongs to the Chaebols. It will not do anything against them.
I'm not mad about kids inheriting the company. There are family owned restaurants for example, this business is just a teeny-weeny-tiny bit bigger :D
It’s the same in Japan with the Toyotas and the Hondas . They go all the way back to the time of the Shogunate
EARLLY❤❤❤❤
Samsung definitely could be the next ruling empire of korea
*in japan I think they call it Zaibatsu*
Aaaaaand this is why nepotism is illegal in most western countries
"This is not game of thrones" 😂 lost my shit
The problem is not necessarily the existence of rich families, but how there is no competition (As a global problem) either because the market is being too tightly controlled or because they snuff it out.
The problem is very much their existence.
Every time I hear chaebol I miss AJOO a little more every time ♥
One day i will open a guild and become the most richest and strongest hunter in the world 🗿
(I read too much manhwa)
🤣🤣
Lmfao it's funny the way you say it, cuz Cebol mean dwarf in my country language 😂
this is actually game of thrones
Well its pretty common in the west too, u know things that are called family businesses and family owned corporations. But the difference is that they dont own biggest part of the countries economy like Samsung does
It’s the same everywhere 😂 (btw here some second/third gen dumb heirs managed to crash/sell the family business)
Stephanie is beautiful ❤
Can there please be more competition instead these companies only. The economy being so heavily dependent on them is so risky
This is one of the themes of dune, Frank Herbert calls it "bureaucratic aristocracy"
Tenryubito is crazy 💀😭
Basically chaebols.... Are the rich CEO of kdramas...
END OF DISCUSSION!!
But they are not as beautiful as in kdrama or marry the poor girl/self made woman/secretary😅
You don't need to cry over this it happens in every country the rules are made to control the poor class not super rich/famous people they can get away with anything
Let them cook, tho
I don't know anyone more capable of running country's most important companies than people who were born in the family that started it. They are 24/7 in the biz, they were raised in conference rooms and are in constant proximity to people who made all the best decisions to get where they are right now.
Classic kdrama
That's the same in INDIA too ,
lol they marry each other except in south korean dramas.
They look like bosses
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Kinda similar in India top 1% hold more than 40% of total national wealth
...and only 1percent of India's population are paying taxes
I am just feeling a strong urge to speak it out, that you exactly look same with a crush of mine in Chinese university! What's even surprising is she speaks English with same tone🤯🤯.
Seems like there are more than one Ashleys in the world😅
I honestly feel bad for them. Must be a lot of pressure. Some of them won’t get the chance to even THINK about what their dream job could be.
I thinks its common for rich to marry into rich, a poor person would not be even in the picture, its only happens in the movies. Ofcourse there are rare cases,but thats all.
And also many owners of the big companies do a lot of these for the people.
Ex :- i know is the TATA group they donate around 66% of their profit. There shares are held by charities.
The same TATA group that is closing down plants with fossil-powered furnances under ecological pretenses in the UK just to build new ones in India? Look up their doings in Port Talbot
Chaebol is south korea's kim jong un
What's wrong with you? Of course it stays in the family.
It's called legacy...
Happens in thailand, vietnam etc. The rich marries other rich families
a true dystopia
Wow never knew that about samsung
So, it's basically like cyberpunk dystopia.
Where your life is controlled by conglomerates.
From an outsider's pov these people might be lucky, but I can't imagine the level of family politics they have 😢
sounds like a feudal lord of new era.
Who gonna be next chairman it's gonna be one of their kids..... yeah no shit
Ah yes, the two Koreas, they place where one is a totally authoritarian communist dystopia and the other is a owned by companies cyberpunk dystopia
isn't it okay for them to save their family's companies to like their families lmao
No, in Chinese it's 财阀 which is pronounced cai fa. Also there's no "ra"
we need a Chaebol version of Succession
There's no incest but there's definitely inbreeding.
So they’re basically medevil europe. Eventually they will become a single family 😂
This is the reality
If someone's grandpa started Samsung then it should stay wid them, whats wrong?
Not quite true. The inheitance tax rate in Korea is at 50%, one of the highest in the world. This means that for example, when a chaebol who has 50% of the company shares tries to give the “chairman/CEO” position to his kid, they will now only have 25% control over the company, making the company a prime target for private equity funds/corporate hunters. This is why 1st/2nd generation chaebols had total control over the companies, but now as we see more of the 3rd/4th gen chaebols, they have either already lost or about to lose the control over the company that their grandfathers founded. Also, sick and tired of these leftiest demonizing the chaebols, lee jae yong, the current (3rd gen) chairman of Samsung publicly pledged that he will not give his kids any of Samsung’s shares after serving some time in jail due to a ludicrous corruption charges that I personally think he’s innocent from.
With the way it's going, they soon WILL marry "each other"
I wish a Chaebol daughter would marry me 😂😂
I saw a meme where it said " if Korean chaebols didn't exist and it was her as a cashier " 💀😭
yeah there is a name for Chaebol in English, bourgeoisie
It's not South Korea, it's Samsung Korea
“It’s no game of thrones”
With only 2 dozens families give it a few more generations and we’ll be there
The sacred twenty-eight.
Took the Samsung ecosystem to another level. Introducing Samsung marriage