Korean Industrial Policy: From the Arrest of the Millionaires to Hallyu
Within days after he seized power in the 1961 military coup d’état in South Korea, Major General Park Chung-hee ordered the arrest of fifty-one of the country’s leading businessmen. The head of Samsung, the largest chaebol (family-owned conglomerate), who had been travelling in Japan, was immediately placed under house arrest when he returned to Korea.…
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