On the 28th of February, the U.S. together with Israel, conducted a series of strikes on Iran triggering a regional war. Oil and Gas prices jumped as shipping through the strait of Hormuz declined while the NASDAQ dropped 2.28%. Yet no stock exchange was hit harder than the Korea Exchange (KRX) with the KOSPI plunging 12%. Identifying the implicit proximate cause is straightforward: the South Korean (SK) Chaebol-dominated economy’s reliance on Middle Eastern (ME) crude imports. Understanding the long-term structural causes precipitating this, however, requires a sojourn into its miraculous historical development experience. Formative in the miraculous development of SK through the Cold War was the “intense, brutal, and deeply architectonic” (Kohli, 2004: 18) legacy of Japanese Colonialism. While SK had ostensibly gained independence from Japan following the end of WW2, many of the institutions, structures and organisational principles developed under colonialism remained. In the private sector, the zaibatsu model