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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]

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URI

https://concepts.sagepub.com/social-science/concept/chaebols

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