Why are Korea's anti trust laws so whack tho?

Quote from Dreamer95

Mind you, it is not simply about entertainment. We literally have entire industries that has been monopolized by chaebols. Hyundai was allowed to buy Kia, the only competitor after it went bankrupt. And now Hyundai has an effective monopoly (more than 90%) on all car sales in the country.

And recently Hyundai also tried to monopolise the ship building industry by merging with Daewoo. And it was approved in Korea but thankfully EU and Japan blocked it because they did have a say in it.

SM is one of the companies that played enormous role in hallyu. Allowing Kakao and Hybe just do whatever is pretty screwed up.

Strong national monopolies is the Korean business model.

Quote from bartkun

it's weird isn't it?

it's competition which allows market to grow after all

just look at what's currently happening in PC world, you know CPU and GPU market how big boost it got when AMD did very well and how much work Intel needed to do to once again claim that #1 spot

also Intel entering GPU market with ARC is another point which will make NVidia and AMD work harder...

same is in gaming consoles with PS, XBOX, and Nintendo

now imagine that Intel would buy NVidia

or Sony would buy Nintendo or something like that

it automatically would make things less interesting and at one point they would for sure need to drop some projects and ideas because it will already have way too much ongoing things...

so yap that law sucks

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Korean business model is built for export, so competition in the world, but protections in the home market.

Even the music business and TV industry has incentives to export.

Taxes on exports is lower than regular taxes.