The Power And Wealth Of The Chaebol - 2603 Words

As I have stated earlier, the Chaebols have gained significant advantage to become the top class due to government control of the financial system in the 1960s. The power and wealth of the chaebol could be best explained by the music video â€Å"Gangnam Style†, produced by Park Jaesang, who is known as Psy in the video. As of June 2014, on the CNN Entertainment website stated that â€Å"Gangnam Style† has â€Å"charted a new record: 2 billion YouTube views† (Conlon, 2014) and has become the most watched video in YouTube history. The video is enjoyed enormously by the American public, which is kind of puzzling, because many do not know the Korean language, therefore, are unable to understand what the video is really talking about. The video went viral and became a sensation because the main character Psy intentionally ridicules himself by performing exaggerated and bizarre choreographies with beautiful women and expensive garments in the video. Psy wanted to especially focus on the change of modern Korean culture toward a culture catered to the narcissist and pretentious people in Korea, even the singer expressed in a interview that â€Å"Human society is so hollow, and even while filming I felt pathetic. Each frame by frame was hollow† (Fisher, 2012). The underline message of the video was about class and wealth problem in present-day Korean society. Gangnam is a district in Korea that is known for its heavily concentrated wealth and high standard of living. Offspring of the ChaebolShow MoreRelatedSouth Kore A Case Of Successful Late Development Under State Authoritarianism Essay1634 Words   |  7 Pagesstrong relationship between the state and Chaebol (big business). The era of rapid industrial isation and the strong relationship between the state and the Chaebol contributed to the uncertainty of the state-business relationship between social circles (Thirkell-White: 2002). 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The government did its best toRead More1997 Asian Financial Crisis and Hyundai Motor Corp7129 Words   |  29 Pagesincreasing their market share in South Korea. Hyundai’s Market Share in South Korea: [pic] South Korean Macro Study Economic Background: The South’s success was quite unforeseen. The country where Park Chung Hee seized power in 1961 had a GDP per head equal to Algeria’s. Its third-largest export was wigs. The average life expectancy of its people was 55. But those people were well-educated, they worked hard and they saved what they could. The government did its best toRead MoreContributing Factors That Bring South Korea as Advanced Country4219 Words   |  17 Pagesmajority of the population lives in cities. j. 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