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People use the Galaxy Note II after a news conference announcing Samsung's update to its phone-tablet hybrid in New York, October 24, 2012.
People use the Galaxy Note II after a news conference announcing Samsung's update to its phone-tablet hybrid in New York, October 24, 2012.
(Shannon Stapleton/Reuters)

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South Korea’s chaebol problem

Chaebol-bashing is an election ritual in South Korea. But for this year’s vote, due in December, campaigns to reform the country’s giant, family-run conglomerates are taking centre stage. With economic growth falling to the slowest pace in three years in the latest quarter, and household debt at over 150 per cent of disposable income, Korea’s small companies that largely depend on domestic services are struggling against the might of their giant counterparts.