• DOI:10.1177/000944550404000306
• Corpus ID: 154720682

Korean Chaebol in Transition

@article{Jung2004KoreanCI,
  title={Korean Chaebol in Transition},
  author={Dong Hyeon Jung},
  journal={China Report},
  year={2004},
  volume={40},
  pages={299 - 303}
}

• D. Jung
• Published 1 August 2004
• History
• China Report

ate companies, controlled by an emperor-like owner chairman, whose power exceeds his legal authority over group-wide operations. The number of afflillated companies of the thirty largest chaebols stood at 604 as of 1 April 2002. Before the economic crisis in 1997, the number was much higher. Samsung is at the top of the chaebol ranking, while at present LG comes second. The Daewoo group, which once ranked second or third among the Korean chaebol, broke apart in the wake of the crisis and most of its affiliated companies have closed down in the past few years. There have been lengthy debates on the Korean chaebol. Domestic debates have been mostly focused on its negative aspects as, for instance, on the collusion between the government and the chaebol, and the imbalance in the nation’s economic structure.