Miracle on the Han River brief compared to other countries who experienced similar situations. Chaebol refers to corporate groups in South Korea, mainly run by families, that exercise monopolist or oligopolist control over product lines and industries. They can be compared with conglomerates of the United States and the Zaibatsu of Japan. Sometimes the Korean military itself is considered a chaebol. During the industrialization period of South Korea, President Park Chung-hee supported the rise of chaebol groups, facilitating the growth of these groups in order to trigger economic growth. Inside the operations of chaebol groups, there are many branches that family members control and operate.
Urban regeneration in South Korea create employment based on existing industrial functions and industries and to stimulate economic recovery to surrounding areas. The institution links urban regeneration, development and urban regeneration with key facilities that have significant economic recovery. It targets areas where employment can be created through composite development projects(anchor businesses). Typical example Urban regeneration in South Korea Urban regeneration in South Korea began with the reconstruction following the Korean war. (For brevity, references to Korea hereafter refer to South Korea.) In the 1980s, the policies and paradigms for establishing new towns changed greatly. Urban regeneration examples include Housing redevelopment projects, housing refurbishment projects,