Chaebol - Wikipedia
WebA chaebol (UK: / ˈ tʃ eɪ b əl, ˈ tʃ eɪ b ɒ l / CHAY-bəl, CHAY-bol, US: / ˈ tʃ eɪ b oʊ l, ˈ dʒ ɛ b əl / CHAY-bohl, JEB-əl; Korean: 재벌 ⓘ, lit. ' rich family ' or ' financial clique ') is a large industrial South Korean conglomerate run and controlled by an individual or family.
Why Are South Korea’s Chaebol Important? - Council on Foreign Relations
WebMay 4, 2018 · A group of massive, mostly family-run business conglomerates, called chaebol, dominates South Korea’s economy and wields extraordinary influence over its politics. These powerful entities played...
Chaebol Families Dominate South Korea’s Economy: What to …
WebDec 18, 2023 · South Korea’s rapid rise from postwar poverty to a major developed economy in a couple of decades was closely tied to the rise of chaebol companies. Their early successes boosted wages and ...
Chaebol | History, Impact & Structure | Britannica Money
WebUpdated: Mar. 07, 2024. chaebol, any of the more than two dozen family-controlled conglomerates that dominate South Korea ’s economy. While the founding families do not necessarily own majority stakes in the companies, the descendents of the founders often retain control by virtue of long association with the businesses.
What Are Chaebol Structures in South Korea? - Investopedia
WebAug 27, 2021 · Key Takeaways. The chaebol structure refers to a business conglomerate system that originated in South Korea in the 1960s, creating global multinationals with huge international operations ...
The 'Chaebol': South Korea's Family-Owned Conglomerates
WebSep 26, 2023 · This is why Koreans refer to them as chaebol, from the Korean words chae (for “wealth”) and bol (which translates to “clan” or “clique”), as defined by the Council on Foreign Relations ( CFR ). There are around 45 conglomerates that qualify as chaebols, according to a report from Bloomberg.
Money, Power, Family: Inside South Korea’s Chaebol
WebFeb 17, 2017 · Samsung is only one of a handful of family-controlled companies, called chaebol, that dominate economic life in South Korea. Some, like Hyundai, LG and Samsung, are well known outside their home...
Top 10 chaebol chiefs: driving conglomerates in South Korea
WebAs long-time pillars of South Korea’s ‘miracle economy’, chaebols are the large, family-run conglomerates that largely dominate the country’s economy. From the Korean words ‘chae' (wealth) and ‘bol’ (clan), Chaebols emerged during the '60s and '70s, as a product of South Korea’s economic transformation following former President ...
Korean Chaebols explained: the empires of South Korea - Daxue …
WebNovember 10, 2023. Korea market. When delving into South Korea’s remarkable economic transformation, chaebols (재벌) are a recurring and prominent group of players. South Korean chaebols are large, family-ran business conglomerates that largely dominate the Korean economy. In 2021, the top ten chaebols, including Samsung (삼성), Lotte ...
The chaebols: The rise of South Korea's mighty conglomerates
WebApr 7, 2015 · Chaebols are quite numerous, but the largest -- dubbed the "Big Four" by the South Korean press -- are Hyundai Motor Company, SK Group and perennial rivals, Samsung and LG. The chaebols were ...
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