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Blood Runs Thicker in the South Korean Economy

Feb 28, 2017 | 09:15 GMT
The family-run conglomerates that made the country rich are at the center of its current political crisis.
The involvement of Samsung and other chaebols, sprawling, family-controlled conglomerates that form the backbone of South Korea's economy, in the scandal engulfing President Park Geun Hye have intensified calls for their reform.
(CHUNG SUNG-JUN/Getty Images)

South Korea's enormous, family-controlled conglomerates have formed the backbone of the country's export-dependent economy, driving and sustaining what has come to be known as the "Miracle on the Han River." ...

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