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… 

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References

Isn't this enough to prove that the chaebol model in itself is not wrong?