Why is there no Korean version of AKB48?

I think it would be cool to have a 100 rotational member group, 30+ Korean members 30+ Chinese members 30+ Japanese. They would be epic and permanent! every trainee would get a fair chance. They could be called SYJ98 (SM, YG, JYP, +any number they choose)

http://www.hellokpop.com/editorial/can-korea-create-its-own-akb48/

I have no doubt that most of you could learn 100+ names.

They would be supported like the nation's sport team, like the New Zealand all blacks or something.