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Did you know that just forty years ago South Korea was not as rich as the DPRK, and before that it was even poorer than African countries? Chaebols, huge family businesses, played a major role in the active development of the country's economy, which has now become one of the richest in the world. We are investigating what they are, how they appeared, how the harsh Japanese occupation helped them, and more. For questions about cooperation and advertising, please contact us here: [email protected] Time codes: 00:00 Start 01:02 Korea under occupation 01:32 Lee Byung-chul - a young businessman 02:24 Three stars 03:50 New occupation. War again? 05:13 Korea in ruins. Samsung too 07:24 The first chaebols 10:19 Miracle on the Han River 13:42 The Lee family 14:25 The rise of the chaebols 16:46 The pursuit of electronics 19:35 The first Olympics - the pride of Korea 20:24 Samsung today 21:44 Scandals at Samsung 22:45 Chaebolization of Russia 24:39 Conclusion You can watch this video on VKontakte at the link: https://vk.com/wall-211172525_919 More of our explainers ↓ • Scandal on the US stock exchange: what did Martha Stewart do? • Scandal on the US stock exchange: what did M... • From Mavrodi to Hamster Combat: the craziest financial pyramids • From Mavrodi to Hamster Combat: the most... • How Enron changed America • How Enron changed America Harmful ... Support the harmful: Our TG — https://t.me/+Y94FkGO7GEZlNjdi Murad's TG — https://t.me/+T_wjedb4X0E2NWEy We are on VK – https://vk.com/harmfulinvestor Harmful Investor Club — https://boosty.to/harmfulinvestor #southkorea #chaebols #economy