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Why did Korea, with a population of more than 50 million, produce 16 Fortune 500 companies?
We can see that South Korea is concentrated in industry. For example, electronics, automobiles and finance are the three pillars of South Korea's top 500 enterprises. Of course, the strong support of the government is the primary reason, because South Korea has a small land area and few resources. Only by vigorously supporting enterprises and making them grow and develop can they bring rolling financial resources to South Korea. This is a truth that all previous governments have understood. Moreover, the internal relationship between the government and enterprises is too great, and the government cannot do without enterprises, and enterprises cannot do without the government. For example, Samsung's position in South Korea's economic development is crucial, and its GDP accounts for 25% of the total GDP of South Korea, which has little influence on the government. And every year Samsung plays an important role in government elections.

At the same time, Korean entrepreneurs have excellent development ideas, based on their own country and focusing on the whole world, so that entrepreneurs can focus on the commanding heights of global development and constantly strive for unlimited innovation power, so that their production level and product quality always maintain the world's leading level. This is the kinetic energy for enterprise development to climb to new heights.

Moreover, South Korea's national education takes the lead, allowing young people to establish lofty ideals and sending a large number of responsible entrepreneurs to enterprises, which is the fundamental guarantee for Korean enterprises to be born into the world's top 500.

The rise of Samsung is closely related to the allocation of government resources. After the end of the US-DPRK war, the 38th parallel was formed, and the United States strongly supported South Korea and began large-scale military and economic assistance. The South Korean government tightened its belt, sold more than $2 billion in American aid, used the money from selling materials to develop domestic industries, and tilted resources to large enterprise groups in the form of loans and investments. Supergroups such as Samsung have close ties with the government and obtained the first development opportunity. This development model is similar to that of the red-topped businessmen in China. At the beginning of opening up, many red top businessmen in China, regardless of government and business, also ushered in rapid development. South Korea is no exception, with the support of the government, it has become a super monopoly group.

Even now, some big groups in South Korea have ambiguous relations with senior government officials. For example, Samsung has many relations with the former president who stepped down. South Korea has shown strong advantages in traditional manufacturing industries such as electronics, automobiles and metals. However, in the service industries such as finance, communication, food and circulation, and the cutting-edge industries such as aerospace, national defense and medicine, no Korean enterprise ranks among the top 500.