In the USA and Europe, there are anti-monopoly laws. Even guys as large as Google are constantly kept honest by the likes of the FTC and other regulatory bodies. China has a massive self contained economy. You can build a massive global size company without having a single international customer. What happens in China can stay in China.
The trouble is Korea manufacturers.
Korea has international conglomerates like Posco for steel, Samsung for consumer electronics and mobile, LG for home electronics, and Hyundai and Kia for cars and ships. Korea has CJ Group for global scale entertainment including KPop and film.
All this sounds like a good thing for Korea but it’s not necessarily so.
While Korean mega conglomerates do well on the global front, the small to medium size companies do not. They not only have to contend with each other, because most Koreans don’t speak English well, they are confined to the small local market that is Korea.
What makes matters worse for small to medium size companies in Korea like this printing company is that they also have to compete with the major conglomerates. There is no active anti-monopoly law in Korea. Major corporations can pick any market sector and instantaneously put all the smaller companies out of business.
The other victim is the Korean consumer.
A Kia K9 costs $80,000 in Korea. In America, the same car costs $60,000. A Samsung s6 costs almost 50% more in Korea as well.
As in the example of the printing company above, they have to buy paper and ink from the major conglomerates who fix the pricing and lobby politicians to keep imported Chinese consumables out of the country. Then, all the while, they develop inkjet web offset presses designed to put these small medium size businesses out of business.
Koreans either need to protect their smaller companies or learn English or Chinese.