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by pezezin 715 days ago
> [0] These are specifically called chaebols and the group includes LG, Hyundai, Samsung, Lotte, and a few others. Japan used to have something similar, but they ate their rich... and then brutally invaded and colonized half of East Asia.

More like the Allied occupation forced them to dissolve the zaibatsu. They later reformed as the keiretsu, and while still immensely powerful, are nowhere the level of the old zaibatsu or the Korean chaebol.