Since then, Samick Musical Instruments and its affiliates purchased from
Young Chang the machine facilities necessary for core piano parts
manufacturing. Prior to the merger, Samick Musical Instruments and Young
Chang were de facto oligopolies in the domestic piano market, especially in
upright piano market, and as a result of the merger, the merging parties were
able to enjoy a near monopolistic position.Chang were de facto oligopolies in the domestic piano market, especially in
upright piano market, and as a result of the merger, the merging parties were
able to enjoy a near monopolistic position.