Using the State to Benefit Your Enterprise

Several months ago I detailed the corrupt foundations underlying the chaebol’s in Korea, it seems that Samsung (the grand daddy of them all) is being accused of: “mastermind[ing] a campaign to raise slush funds to pay prosecutors, judges and lawmakers and influence a high-profile court case.” And even if they are found innocent of these crimes, these conglomerates are all guilty of living at the expense of taxpayers (e.g., subsidies, artificially low interest rates, special regulatory privileges). See also: Government & Big Business Ron Brown’s Corporate Welfare Scam Conundrums in Korea