Chaebol of South Korea's top conglomerates has decreased from 2012 to 2015. Not only did their profits stop increasing, but certain chaebols such as LG, have been making losses and losing talent. Some chaebol are one large corporation while others have broken up into loosely connected groups of separate companies sharing a common name. Even in the latter case, each is almost always owned, controlled, or managed by the same family group. South Korea's chaebol are often compared with Japan's keiretsu business groupings, the successors to the pre-war zaibatsu. While the "chaebol" are similar to the "zaibatsu" (the words are cognates,
Owned-and-operated station the term "affiliate" only applies to stations that are not owned by networks, but instead are contracted to air programming from one of the major networks. While in fact there may be an affiliation agreement between a network and an owned-and-operated station (as suggested under "Ownership Info" on the FCC TV Query search for WABC-TV), this is not necessarily required, and may simply be a legal technicality formalizing the relationship of separate entities under the same parent company. In any event, this does not prevent a network from effectively dictating an owned-and-operated station's practices outside the scope of a normal