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.
Television in South Korea Television in South Korea In South Korea, there are a number of national television networks, the three largest of which are KBS, MBC, and SBS. Most of the major television studios are located on Yeouido and Sangam-dong. South Korea became the third adopter in Asia when television broadcasting began on 12 May 1956 with the opening of HLKZ-TV, a commercially operated television station. HLKZ-TV was established by the RCA Distribution Company (KORCAD) in Seoul with 186-192 MHz, 100-watt output, and 525 scanning lines. Important genres of television shows include serial dramas, historical dramas, variety shows, game shows, news programs, and