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.
Owned-and-operated station affiliation agreement; for instance, network programming is very rarely preempted by O&Os, despite individual affiliates' rights to do so. The term "station" correctly applies to the ownership of the station. For example, a station that is owned and operated by the American Broadcasting Company (ABC) is referred to as an "ABC station" or an "ABC O&O," but normally should not be referred to as an affiliate. Likewise, a station not owned by ABC but contracted to air the network's programming is correctly referred to as an "ABC affiliate"; that is, the station is "affiliated" with ABC. However, informally or for