Chaebol

A chaebol is a large family-owned conglomerate in South Korea. A chaebol may have dozens of subsidiaries in a wide variety of industries.  Chaebols are characterized by strong government ties.^[1]

Chaebols are similar in nature to Japan's keiretsu. One major difference is that chaebols are forbidden from being involved in banking and rely heavily on government for funding.  Where as all subsidiaries of a keiretsu will typically receive funding from the same bank.^[2]

As of 2000, the three largest chaebols in South Korea were Hyundai, Samsung, and LG.^[3]

[edit] References

1. ↑ The Chaebol of South Korea. San José State University [November 27, 2009].
2. ↑ The Chaebol of South Korea. San José State University [November 27, 2009].
3. ↑ The Chaebol of South Korea. San José State University [November 27, 2009].