The Wealthy Families That Own Korea (Documentary)

A secret group of wealthy families run Korea, that enigmatic land that balances its rich historical legacy with its dynamic modernity.

In this documentary, we dive into the intricate webs woven by these powerful Korean families, revealing that their role is key to grasping the broader socioeconomic fabric of the country.

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TIMESTAMPS:
0:00 Introduction
0:56 The Chung Family of Hyundai: From Construction to Conglomerate
23:07 The Lee Family of Samsung: Beyond Electronics
44:51 The Koo Family of LG: Innovation Across Industries
1:02:01 The Kim Family of North Korea

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Welcome to our deep dive into the fascinating world of Korea’s chaebols—the giant family-owned conglomerates that drive the country's economy.

In this video, titled "The Wealthy Families That Own Korea," we explore the outsized role that key families and their businesses, such as Hyundai, Samsung, and LG, play in both South Korea’s economic landscape and its cultural identity.

Additionally, we contrast these South Korean giants with the economic structure of their northern neighbor, North Korea.

Discover how Hyundai began as a small construction firm in 1947 and evolved into a powerhouse in various sectors including automobiles, construction, and finance.

We’ll discuss the family dynamics and strategic decisions that fueled their rise and expansion.

Samsung is synonymous with cutting-edge technology.

However, there’s much more to this conglomerate than smartphones and TVs.

We delve into how Samsung has influenced global tech standards and the internal workings of this tech giant, including the role of the Lee family.

Explore LG's journey from a chemical industrial company to a leader in electronics and chemicals. See how LG’s commitment to innovation has made it a key player in various industries around the world and the impact of its family leadership on its corporate direction.

In a unique segment, we compare the tightly controlled, state-run economic model of North Korea with the chaebol-dominated economy of South Korea.

This comparison offers insights into how different political and economic strategies can shape a country’s destiny.

What does the future hold for these massive conglomerates?

As Korea faces both domestic and global challenges, how are chaebols adapting to new economic realities like digital transformation and globalization?

[oldmoneyluxury]

Do you enjoy these longer form compilations?

[a---------------]

As a Korean, the scary thing is how different the intentions of the cheabols children are comparative to their parents. They want more.

[larryfoster]

Nobody should be hungry in that country or live below the poverty line

[suburbanview]

The romantic picture of billionaire families LOL

[EngineerDJ_Julius]

I'm interested in the results of the LG heir lawsuit

[ernestkj]

Hyundai, Samsung, LG are all Korean Giants!

[theresamckenna]

My father and my two uncles were involved in the Korean War They were aboard Ship

[theresamckenna]

I feel terrible for people that live in poverty However some work really hard and don’t give up on their dreams It just means you will be stronger when you’re in a position that you won’t suffer from starvation anymore The thing is the father worked hard to get where he is

[lot]

Nothing flash about the houses or location in Australia..

[CedricSmith-unvm]

Wow, I don't know what to say, amazing family amazing history, amazing documentary. I feel awful for that tragedy. 😢 Amazing families.

[theresamckenna]

I buy only LG tvs and my refrigerator is LG and I love the things I bought

[osmanmohammed]

The Narrator's Eloguence is Only 2nd to Non...!!

[charleskim]

Every company and every country has dark sides. Don't judge athers so easily and emothionally. There are way more things to know about them. Just look at their bright sides. There are much more bright sides than dark sides. This guy is not an economist... He's not an expert... He's just an uTuber.

[Allindays]

Actually, they don't even own the majority of shares anymore.

[Kittiesinclair]

3:45 ‘his annual salary is 4.3 million’ ??? Ridiculous. Ridiculous and criminal.
It’s past time to give these laughable ‘elites’ the kind of treatment they deserve: disdain, shame, public correction for their stupid selfish actions. No one needs 4.3 million as a personal salary. No one needs 10% of that as a personal salary. These people are ducking out of their responsibilities to help others. They need to get what they are giving.

[suburbanview]

Poor billion dollar families, they suffer, so let them alone to do what they want to do in a country they OWN LOL

[jonestacara]

They need to break this up. Corporation run the world now

[theresamckenna]

Wow the Samsung family is bad I won’t buy anything from them

[nurcholissotyadi]

Akan menarik jika ada sekandal, menjadi sasaran empuk media massa dan menjadi bahan ghibah bagi yuukk

[kayrams]

There is no racks to riches but America blacked billionaires. Research better