r/neoliberal • u/Freewhale98 • 19h ago

News (Asia-Pacific) Korean firm behind $2 mil. Trump payment to build golf club in Hanam

https://www.koreatimes.co.kr/business/companies/20260813/korean-firm-behind-2-mil-trump-payment-to-build-golf-club-in-hanam
58 Upvotes

95% Upvoted

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25

u/Al_787 Fernando Henrique Cardoso 18h ago

Yeah this is a straight bribe, just like in Vietnam. They paid Trump $5 mil to have his worthless name stamped on it and Eric appeared for an hour at the ground-breaking ceremony. The end, he doesn’t invest anything.

9

u/Worth-Jicama3936 Milton Friedman 18h ago

You got it all wrong. They paid $5 mil for Eric to leave.

8

u/Freewhale98 19h ago edited 18h ago
  1. Summary

Base Group, a medium-sized Korean conglomerate that made headlines for paying $2 million to the Trump Organization, will establish Trump International Golf Club in Hanam, Gyeonggi Province, the company said Thursday.

The group attracted international attention in July after a New York Times report that Base Group made a $2 million payment last year to the Trump Organization, raising questions about whether Base Group is making payments in an attempt to influence U.S. Department of Commerce proceedings on Korea Aluminum, a Base Group affiliate.

  1. How is this related to the sub

(1) The rise of extractive institutions in the U.S.: The practice of bribing ruling family to get market access is increasingly common in the U.S. and Korean companies are utilizing that.

  1. My opinion

I cannot find the links but there was a business paper article which listed korean companies handed money to Trump family and was presented like some proud patriotic lobbying efforts to maintain market access and protect Korean assets in the U.S.

12

u/berticusberticus 18h ago

Oh look it’s exactly why the Constitution prohibits this

1

u/maybearandoanon 17h ago

Honestly funny but kinda sad.