InstitutionClaim Cited
Samsung-Centered Chaebol Governance
Samsung is not one corporation but a chaebol: legally separate affiliates coordinated through family control, cross-affiliate ownership, executive offices, capital allocation, brand, and shared labor and supplier systems. The form helped South Korea concentrate resources for long-horizon industrial bets and global scale. It also separates control from cash-flow ownership, magnifies succession and political stakes, and has repeatedly limited worker, minority-shareholder, supplier, and public checks on group authority.
What does a family-coordinated business group make possible that independent corporations cannot, and who can govern the resulting concentration of economic power?