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Bookmark or Share- Chaebol Families Dominate South Korea’s Economy: What to Know - The New ...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 ...
- Why Are South Korea’s Chaebol Important? - Council on Foreign RelationsA 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 | History, Impact & Structure | Britannica MoneyUpdated: 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.
- The 'Chaebol': South Korea's Family-Owned ConglomeratesThis 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.
- Chaebol - WikipediaA 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.
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