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Chaebol
Hangul
재벌
Hanja
財閥
Revised Romanization
jaebeol
McCune–Reischauer
chaebŏl
IPA
[tɕɛbʌɭ]
Economy of South Korea
History
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Saemaul Undong
Heavy-Chemical Industry Drive
Miracle on the Han River
1997 Asian financial crisis
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A chaebol (UK: /ˈtʃeɪbəl,ˈtʃeɪbɒl/CHAY-bəl, CHAY-bol,[1][2]US: /ˈtʃeɪboʊl,ˈdʒɛbəl/CHAY-bohl, JEB-əl;[3] Korean: 재벌[tɕɛbʌɭ]ⓘ, lit.'rich family' or 'financial clique') is a large industrial South Korean conglomerate run and controlled by an individual or family.[3] A chaebol often consists of multiple diversified affiliates, controlled by a person or group.[4] Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.[3]
Chaebol have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation.[5] Hyundai has made efforts in the thawing of North Korean relations, despite some controversy.[6] Many South Korean family-run chaebol have been criticized for low dividend payouts and other governance practices that favor controlling shareholders at the expense of ordinary investors.[7]
^"chaebol". Oxford Dictionaries. Oxford University Press. Archived from the original on 27 September 2016. Retrieved 15 August 2017.
^"CHAEBOL". Cambridge Dictionary. Cambridge University Press. Retrieved 29 April 2024.
^ abc"Chaebol". Dictionary by Merriam-Webster. Merriam-Webster. Archived from the original on 13 June 2018. Retrieved 30 August 2011.
^Jung, Dong-Hyeon (August 2004). "Korean Chaebol in Transition". China Report. 40 (3): 299–303. doi:10.1177/000944550404000306. S2CID 154720682.
^Cite error: The named reference loc was invoked but never defined (see the help page).
^"Hyundai's $500 Million Payments to North Korea: A Bribe or Business Deal?" (PDF). Korea WebWeekly. 9 February 2003. Archived from the original (PDF) on 5 September 2021. Retrieved 7 August 2012.
^Lee, Joyce (30 October 2017). "Samsung Electronics names new-generation leaders as profit soars". Reuters. Archived from the original on 31 October 2017. Retrieved 31 October 2017.
series narrates the storyline of Jin I-soo, an immature third generation chaebol turned detective, and Lee Gang-hyun, a veteran detective in the violent...
Yoon Hyun-woo (Song Joong-ki), a loyal higher-up employee working for chaebol Soonyang Group, who was betrayed and murdered by a member of the Soonyang...
World Cup, as well as the ascension of family-owned conglomerates known as chaebols, such as Samsung, LG, and Hyundai. This growth also encompassed declines...
swapped in status, and so the heroine Seo Ji-an (Shin Hye-sun) enters the chaebol household to have a better life without knowing she is actually not their...
Motor Group (HMG; IPA: [ˈhjəːndɛ]; stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central...
Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22...
Lotte World Tower Shin Dong-bin, also known as Akio Shigemitsu Chaebol "FTC names 59 chaebol to 2019 watch list". koreajoongangdaily.joins.com. 15 May 2019...
daughter-in-law of a conglomerate. Moon Sang-min as Lee Ji-han: a third-generation chaebol and the last grandson of LJ Group who lives quietly and faithfully with...
Corporation (Korean: 주식회사 아모레퍼시픽) is a South Korean beauty and cosmetics chaebol, operating more than 30 beauty, personal care, and health brands including...
chaebol system involves nepotism. A series of incidents involving Korean Air in the 2000s have "revealed an ugly side of the culture within chaebols,...
by Kim Jae-chul in 1969, it is the main representative of the Dongwon chaebol, a family conglomerate comprising 15 affiliates. Dongwon is South Korea's...
Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups: Hyundai Group, parts of the former conglomerate...
miraculous rekindling of love between Hong Hae-in, a third-generation chaebol heiress of Queens Group, and Baek Hyun-woo, the son of farmers from Yongdu-ri...
of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate). As of 2020,[update] Samsung has the world's eighth-highest...
known as a "wholly owned subsidiary". Banks portal Berkshire Hathaway Chaebol Conglomerate Conglomerate discount Corporate group Investment company Keiretsu...
Equivalents to the zaibatsu can still be found in other countries, such as the chaebol conglomerates of South Korea. The term zaibatsu was coined in 19th century...
Group (Korean: 한진 그룹; Hanja: 韓進 그룹; RR: Hanjin Geurup) is a South Korean chaebol. The group has various industries covered from transportation and airlines...
where South Korea's economy rapidly grew from industrialization and the chaebol corporations such as Samsung, LG, and SK. Ever since the industrialization...
expanded into various industries, eventually becoming South Korea's second chaebol. Chung Ju-yung was directly in control of the company until his death in...
Fridays. Kim Jae-young as Kang Hae-jin Kim Ye-sung as child Hae-jin A chaebol family's youngest son and a hallyu star who has a new contract with Sang-eun...
Hyosung Corporation is a South Korean industrial chaebol, founded in 1966. It operates in various fields, including the chemical industry, industrial...
Korea. LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the...
off her late husband's debts. Han Ji-hoon (Lee Seo-jin) is the son of a chaebol who seeks a contract marriage in order to save his mother, who needs a...
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