Thanks for the fascinating explanation. Which finance professor is this, and do you have more links/further reading on 1) 51% controlling interest chains 2) how corruption is typically structured in South Korea?
>>A chaebol can own 51% of a company to get voting rights. That company can own 51% of another company, and 51% of another company, and so on. Multiply it all the way through a chain of companies, and you can get many companies near the bottom of the chain where the chaebol actually owns a small minority of the companies and yet controls those companies nonetheless.
it is almost word by word that example from the Das Kapital :)