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,
1985 in South Korea were briefly reunited. Economy Unemployment rate was kept around 4%. Construction for the upcoming Olympics contributed to a sagging economy. Hyundai motor cars were selling well but catering to a low-priced market. South Korean shipbuilding and overseas construction suffered. The Kukje Group, South Korea’s seventh largest conglomerate, which operated the largest single footwear factory in the world, collapsed. The government had a target of 7.5% growth in GDP but had to scale that down to 5%. South Korea had an accumulative foreign debt of around $45 billion, most of which was owed to Japan. 1985 in South Korea Events from