1. Japanese Zaibatsu and Korean Chaebol
... chaebols, have emerged. The fifty largest business groups account for as much as 20 percent of Korea's gross domestic product (GDP), and the five largest business groups, such as Hyundai, Samsung, Lucky-Goldstar, Sunkyong, and Daewoo, account for as much as 10 percent of GDP (Korea Development Institute, 1982). This dominance of large business groups in the Korean economy is comparable ... mutual ownership, in which the owner or his family owns the holding company or intermediary organization such as a cultural foundation, which have interlocking mutual ownership with affiliated compani...
- Word Count: 3843
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate