Chaebol of South Korea's top conglomerates has decreased from 2012 to 2015. Not only did their profits stop increasing, but certain chaebols such as LG, have been making losses and losing talent. Some chaebol are one large corporation while others have broken up into loosely connected groups of separate companies sharing a common name. Even in the latter case, each is almost always owned, controlled, or managed by the same family group. South Korea's chaebol are often compared with Japan's keiretsu business groupings, the successors to the pre-war zaibatsu. While the "chaebol" are similar to the "zaibatsu" (the words are cognates,
Youth unemployment in South Korea future employment and wages in the job market. The three universities Korean students aim for are Seoul National University, Korea University, and Yonsei University also known as S.K.Y. These universities provide the connection needed to be employed in government or in family-owned conglomerates (chaebols) that come with employee benefits. Before the Suneung begins, Korean parents prepare for years in their children's education by investing thousands of dollars in tutoring and private education. Around 100,000 hagwons (Korean cram/private schools) are in South Korea. In 2010, around 75% of students attended private education. In 2017, over 80% of all Korean students attended