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.
Chaebol than riskier debt. This is because the new transparency laws and restructuring boosted investor confidence from abroad. Laws were passed to limit the expansion of chaebol: Formally, the Korea Fair Trade Commission (KFTC; 공정거래위원회;公正去來委員會) announces a limited chaebol list every year as size of industrial assets (not including financial companies). Chaebol with limited assurance (상호출자제한기업집단;相互出資制限企業集團) The following charts list chaebol in order by different categories. 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