, Columnist
South Korea's Big Bet on Vietnam Doesn't Add Up
Chaebols are investing in the Southeast Asian country’s conglomerates, but forgoing the discount that typically comes with them.
All in the family.
Photographer: Brent Lewin/Bloomberg
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When one conglomerate has its eye on another, discounts go out the window.
South Korea's chaebols are betting big on Vietnam’s sprawling corporations. They’re even willing to forgo the markdown that typically comes with them. Samsung Electronics Co. is now the largest employer in the Southeast Asian nation. Since joining the World Trade Organization in 2007, a third of the country’s foreign direct investment has come from South Korea.