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Opinion

Trade rift with Japan is opportunity for South Korea's chaebols

They will become more self-sufficient and closer to the government

| South Korea
The most obvious companies to suffer will be South Korean conglomerates like Samsung, which have long benefited from globally integrated supply chains.   © Reuters

In early August, as part of their widening rift, Japan took South Korea off its Group A, so-called a whitelist, of 27 countries, subjecting Korean products to trade restrictions. Korea soon retaliated.

The most obvious companies to suffer will be South Korean conglomerates like Samsung and Hyundai, known as chaebols, which have long benefited from globally integrated supply chains.

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