‘One Dangote not enough’ – Sujimoto’s open letter to President Tinubu

In 1961, the authorities of South Korea, led by the disciplined and strategical enactment of Park Chung-hee, took power of its economical destiny and made a deliberate determination to make caller billionaires. A tiny radical of competent, ambitious section businessmen, the vanguard of visionaries, were handpicked, shielded from overseas competition, and fixed inexpensive recognition wrong a strategy structured for scale. The authorities concentrated capital, reduced outer pressure, and aligned argumentation with production, ensuring these firms were not constrained by the limits that forestall astir businesses from scaling.

The authorities did not hold for wealthiness to trickle down. It engineered it upward. It concentrated nationalist recognition successful a constrictive cadre of astir 7 concern families and protected them until they could vie globally. This was not favoritism; it was deliberate economical plan that intentionally created billionaires. From that strategy emerged firms that would travel to specify concern power, including LG, Hyundai, SK Group, and Kia, names present recognized crossed the world. One of those aboriginal state-backed enterprises, a humble trading steadfast erstwhile obsessed with dried food and noodles, was pushed done that strategy until it became the planetary instauration present known arsenic Samsung.

The “Chaebol” Strategy: Targeted Incubation

South Korea’s stellar p...