Obama and Romney Both Backing Secret Job-killing Deal? Trans-Pacific Partnership lurks

[Romulox]

23. Many other countries (e.g. Japan, South Korea, China) have active partnerships between gov't and

industry. The distinction between corporations and nations is largely arbitrary, in such cases.

See, for example:

Chaebol (from chae: wealth or property + pŏl: faction or clan)[1] refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate". The term was first used in 1984.[1]

There are several dozen large Korean family-controlled corporate groups which fall under this definition. Through aggressive governmental support and finance[citation needed], some have become well-known international brand names, such as Samsung, LG, Hyundai, and SK.

The chaebol has also played a significant role in South Korean politics. In 1988 a member of a chaebol family, Chung Mong-jun, president of Hyundai Heavy Industries, successfully ran for the National Assembly. Other business leaders also were chosen to be members of the National Assembly through proportional representation. Since 2000, Hyundai has played a role in the thawing of North Korean and South Korean relations.[citation needed]

http://en.wikipedia.org/wiki/Chaebol