Concept information
Preferred term
chaebols
Definition
- The Korean word chaebol is used to refer to the highly diversified business groups contributing to the post-World War II industrialization in South Korea. Family ownership has not been significant in chaebols; despite this, the control of chaebols by founding families is typically due to cross-shareholding. [Source: Encyclopedia of Business in Today's World; Chaebol]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/chaebols
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