Conglomerate (company) music industry, television and film production and distribution, financial services, and telecommunications. In China, many of the country's conglomerates are state-owned enterprises, but there is a substantial number of private conglomerates. Notable conglomerates include BYD, CIMC, China Merchants Bank, Hasee, Huawei, JXD, Ping An Insurance, TCL Corporation, Tencent, TP-Link, ZTE, Legend Holdings, Dalian Wanda Group, China Poly Group, Beijing Enterprises, and Fosun International. Fosun is currently China's largest civilian-run conglomerate by revenue. In South Korea, the "chaebol" are a type of conglomerate owned and operated by a family. A chaebol is also inheritable, as most of current presidents of chaebols
1985 in South Korea were briefly reunited. Economy Unemployment rate was kept around 4%. Construction for the upcoming Olympics contributed to a sagging economy. Hyundai motor cars were selling well but catering to a low-priced market. South Korean shipbuilding and overseas construction suffered. The Kukje Group, South Korea’s seventh largest conglomerate, which operated the largest single footwear factory in the world, collapsed. The government had a target of 7.5% growth in GDP but had to scale that down to 5%. South Korea had an accumulative foreign debt of around $45 billion, most of which was owed to Japan. 1985 in South Korea Events from