The Chaebols of South Korea

The Chaebols of South Korea
Case Code: ECON013
Case Length: 15 Pages
Period: 1961-2004
Pub Date: 2004
Teaching Note: Available
Price: Rs.400
Organization : -
Industry : -
Countries : South Korea
Themes: Business Environment-
The Chaebols of South Korea
Abstract Case Intro 1 Case Intro 2 Excerpts

A Note on the Chaebol System

Chaebol is a Korean word that means "a group with a lot of money." Chaebols were large South Korean private business groups that consisted of several smaller members or units; they also maintained close connections with the government. They were generally under the control of a single powerful family and most of the management positions in the Chaebols rested with members of that family. The Chaebols were involved in a variety of commercial activities ranging from farming to ship building. In the early 1990s, the five largest Chaebols were Samsung, Hyundai, Lucky-Goldstar (LG), Daewoo, and Ssangyong. (Refer Table I for characteristics of Chaebols)....

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