Yep. It's a Chaebol.

Antitrust really isn't a thing in Asia, so horizontal and vertical integration is extremely common.

Most Asian countries based their corporate structures on Japan's Zaibatsus and Keiretsus.

LG and Samsung are separate chaebols.

Ik. OP asked if it's "similar" to LG and I explained why - because it's a Chaebol like LG, Lotte, CJ (used to be part of Samsung), Hyundai, etc.

Similar =/= Same

Ah, I misread it because it's a common misconception. My apologies!

No worries! Kinda surprised that people would assume LG and Samsung are the same company

It's common enough to be asked often enough:

https://www.quora.com/Is-LG-a-part-of-Samsung

I think people are mixing up the Hyundai/Kia situation (where the former does own a significant portion of the latter) via second-hand recall.

Yes with "similar" I did not mean that they were part of one entity.

I was just thinking about them being large and strongly present in many different business sectors.

So a conglomerate I guess. Thanks

Yeah, I misread it. My apologies.

Interesting, I'd never heard the word `chaebols` and instantly was reminded of the word `cabal`. Turns out, completely different etymologies.