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
Telecommunications in South Korea than 100 radio stations were broadcasting. Transistor radios and television sets have made their way to the most remote rural areas. Television sets, now mass-produced in South Korea, became far less expensive; most city people and a significant number of rural families owned or had access to a television. Ownership of television sets grew from 25,000 sets when broadcasting was initiated in 1961 to an estimated 8.6 million sets in 1987, and more than 250 television stations were broadcasting. There are three mobile phone service providers: SK Telecom, KT and LG Uplus. South Korea has six national terrestrial television networks