CHAEBOL STRUCTURE
Business conglomerate structure creating global multinationals with large international operations. The Korean term chaebol means business family or monopoly. Originated in the 1960s, this structure can involve a single huge firm or several groups of companies. It is either controlled, managed, or owned by the same family dynasty, normally the group’s founder. Some of the largest and most prominent chaebol are Hyundai, LG Group, and Samsung.
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