Business / Politics31.12.2012
In South Korea, the Republic of Samsung
Samsung draws the greatest scrutiny because it is by far the largest chaebol — the Korean term for corporate groups that were jump-started with government support — and because it is wildly prosperous as the rest of the economy slows down. The conglomerate contributes roughly a fifth of South Korea’s gross domestic product. Some Koreans call the country “The Republic of Samsung.”