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.
Mongolians in South Korea Mongolians in South Korea Mongolians in South Korea form the world's largest population of Mongolian citizens abroad. By 2003, there were already 20,000 Mongolians working in South Korea, making their population larger than the combined total of Mongolian Americans, Mongolians in Japan, and Mongolians in Europe. Five years later, their population had grown by 65% to an estimated 33,000 individuals, or 1.2% of the entire Mongolian population. The government of South Korea estimates that one out of every two urban households in Mongolia has a family member working in South Korea. According to South Korean government figures, 40% are residing