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- |

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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