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A chaebol often consists of multiple diversified affiliates, controlled by a person or group. [4] Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. [3] Chaebol have also played a significant role in South Korean politics.
May 2, 2024 · Chaebol are family-controlled businesses that dominate South Korea's economy and politics. Learn about their history, impact, structure, and reform efforts from Britannica's article.
Apr 7, 2015 · Learn how the chaebols, such as Samsung, LG and Hyundai, rose from poverty to global players after the Korean War. Explore their history, structure, influence and challenges in this series of articles.
May 4, 2018 · Learn about the history, structure, and role of chaebol, the family-owned business conglomerates that dominate South Korea’s economy and politics. Find out how chaebol have transformed the country, faced corruption scandals, and responded to global competition.
- Eleanor Albert
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Dec 18, 2023 · The chaebol system is a legacy of South Korea’s history. After an armistice ended the Korean War in 1953, the country’s military dictators anointed a handful of families for special loans and ...
Chaebol refers to a South Korean form of business conglomerate, an English transliteration of the Korean word, 재벌, now romanized as Jaebeol. The Korean word means business group or trust (as in Standard Oil Trust). The Chaebol originates from Korea's culture and society. Korean society, since it's beginnings, has been a village-based, clan ...
