Korean Air, ANA, and Asiana Airlines at SeaTac (Photo: Port of Seattle | Don Wilson)

Chaebol Conquest: A Look at Korean Aviation

While many western companies have seen the rise of corporate conglomerates since the 1990s, the South Korean market has had a long history of Korean conglomerates, which are locally called chaebols, dominating the market. As to be expected, the aviation industry is no stranger to chaebols, with the top three dominating 75 percent of the market. Hanjin Group While the Hanjin name is more commonly used in the company’s container shipping business, the Hanjin Group is no stranger to aviation.…