Chaebol Chaebol A chaebol (; ) is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of a large number of diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority. The term is often used in a context similar to that of the English word "conglomerate". The term was derived from the Japanese. It was first used in English in 1984. There are several dozen large South Korean family-controlled corporate groups that fall under this definition. The chaebol have also played a significant
Women in South Korea company of its size. Samsung has also stated that it aims to have at least 10% of its executive positions to be held by women. In 2013 Kwon Seon-joo became South Korea's first female bank CEO, as the CEO of state-owned Industrial Bank of Korea. Prostitution in South Korea is illegal, but according to one estimate, brothels, bars, massage parlors, discos, and what are known as "Taiwan style" barbershops (that is, those often employing a greater number of masseuses than barbers) employed as many as 1 million women, though not all were prostitutes. This underworld of abuse and exploitation has