Posted inNortheast Asia, South Korea

As unicorns spawn, South Korea’s anti-entrepreneurial practices evaporate

South Korea has long been one of the most top-heavy economies on earth. At the summit, tower a privileged handful of massive, family-run conglomerates which vacuum up capital, lure elite human resources and bully suppliers. At the bottom, countless mom ‘n’ pop operations – franchises, restaurants, coffee shops, educational institutes, taxis – battle to survive. […]