He mixed that up with Chinese corporations. Korean chaebols are more like "state endorsed monopolies". Or state "you can get away with almost anything corporations because you make a large chunk of our GDP and employ a lot of people".
I'm not mixed up but I guess I should have said state-controlling instead of state-controlled. The chaebols are running the place, that's why they won the DRAM wars. Batteries, same thing. And I was referring to LG Chem, not Hyundai.
That said...I would bet on koreans too.