1. Japanese Zaibatsu and Korean Chaebol
... wealthy family or their relatives." This definition does not consider the size or influence of business as compared to Yasuoka's definition. Keiichiro Nakagawa (1969) conceptualizes zaibatsu as "a major economic entity established in a less developed country, whose fundamental social structure is based on instinctive gregarious group expressed as family, to pursue an industrialization process in face of international ... Yasuoka, 1982). Mitsubishi Group. As of 1983 the President Club, called Kinyokai, consists of the presidents of twenty-eight group companies. The mutual stock ownership r...
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- Grade Level: Undergraduate