Korean firm behind $2 mil. Trump payment to build golf club in Hanam

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  1. 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.

    2. 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.

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