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
Pension policy in South Korea receiving payment as an annuity. As the Korean government aimed for the rapid economic development, social welfare was not the primary task in the 1970s and 1980s Politicians relied on the Confucianism rooted society that the family should take care and support the old people In 2000, South Korea have remained the aging society status that the elderly population ratio is reaching 7 percent Kim's study explained that an aging status of the South Korea is more than 135 years than France and 68 years older than Germany Korea National Statistical Office estimated that the South Korea is expected to