In South Korea big company like Samsung, Hyundai, LG and more is important to Korea because they are the backbone of South Korea’s economy. According to Stratfor, “Today, the sales revenue of the five largest chaebols constitutes almost 60 percent of South Korea's gross domestic product, and their brands — Samsung, Hyundai and LG, among others — are household names.” Since Samsung are the top most important company to help the economic growth, this would effect a lot on Korean economy when Lee Jae Yong was arrested over $35 million dollars for the offering in exchange government approval of controversial merger to help him control over the conglomerate in an attempt to evade the country’s inheritance taxes. According to CNBC, by Saheli Roy said, “Citizens have long demanded government policies to curtail the power of chaebols, which control vast network of companies through a circular holding structure and their control typically exceed cash-flow rights.” Since the citizen see what Samsung did they would lost trust on other company too, this way they would feel safer.
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