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
Telecommunications in South Korea than 100 radio stations were broadcasting. Transistor radios and television sets have made their way to the most remote rural areas. Television sets, now mass-produced in South Korea, became far less expensive; most city people and a significant number of rural families owned or had access to a television. Ownership of television sets grew from 25,000 sets when broadcasting was initiated in 1961 to an estimated 8.6 million sets in 1987, and more than 250 television stations were broadcasting. There are three mobile phone service providers: SK Telecom, KT and LG Uplus. South Korea has six national terrestrial television networks