A chaebol is a type of Korean conglomerate, similar to the prewar zaibatsu of Japan, which has multiplied in the Republic of Korea (South Korea) since the 1960s. A chaebol may be defined as "a diversified business group which is exclusively...

Korean group of giant companies controlled by a family-owned holding company See also:...

Chaebol (alternatively Jaebol, Jaebeol) ['ʨɛːbəl] refers to a South Korean form of business conglomerate. The Korean word means "business group" or "trust" and is often used the way "Big Business" is used in English. There are several dozen large...

Despite the fact that South Korea's overall economy is in recession and has shrunk 6% thus far in '98, the least-efficient sector, the family-owned giant 'chaebol' conglomerates, actually grew larger. The five biggest, (Hyundai, Samsung, Daewoo, LG and SK) have been immune to International...

South Korea's conglomerates played a key role in the nation's growth-and contributed to Seoul's dramatic fall in 1997. A report by McKinsey examines what went wrong-and what the chaebol must do to survive into the new millennium. South Korea's omnipresent conglomerates were...

Lee Kun-hee, chairman of Samsung Electronics, has been no stranger to scandal as head of South Korea's largest company and the huge conglomerate it anchors.And he has emerged each time, even from a bribery conviction, relatively unscathed.But new allegations — chiefly, that the conglomerate maintained...

The Global Economy: Ten years ago, Asia's Miracle became Asia's Meltdown, a financial debacle so crushing that many feared the region wouldn't recover. But it did, by freeing its markets. It remains a beacon for the world.July 2, 1997 remains a day that most people...