Chaebol Chaebol A chaebol (; ) is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of a large number of diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority. The term is often used in a context similar to that of the English word "conglomerate". The term was derived from the Japanese. It was first used in English in 1984. There are several dozen large South Korean family-controlled corporate groups that fall under this definition. The chaebol have also played a significant
Driving license in South Korea Driving license in South Korea Driving licenses in the Republic of Korea may be attained at age 16 for cars and motorcycles. South Korea is one of the few nations that issue International Driving Permits (IDP) to sixteen-year-olds. This was made possible by a South Korean law in 2009, which gave Military cadets the requirement of driving a motor-vehicle. Classified in a separate category that is not licensed, but the body can be operated in accordance with state and driving aptitude to limit the conditions under which the vehicle can be fitted. From July 1, 1995, based on a driver's