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Chaebol

Index Chaebol

A chaebol is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. [1]

113 relations: Accounting, Agriculture, Apple Inc., Asiana Airlines Flight 214, Asiaweek, Bank of Korea, Bankruptcy, Car, Chey Tae-won, Chung Mong-joon, Chung Mong-koo, CJ Group, Cognate, Conglomerate (company), Corporation, Crony capitalism, Daelim, Daewoo, Daewoo Shipbuilding & Marine Engineering, DB Realty, Debt-to-equity ratio, Doosan Group, Doosan Heavy Industries & Construction, Economy of South Korea, Export, Fair Trade Commission (South Korea), Family business, Financial crisis of 2007–2008, Four Asian Tigers, Four big families of Hong Kong, Four big families of the Republic of China, Fraud, General Motors, GS Group, Hanja, Hanjin, Hansol, Hanwha Group, Hanwha Life Insurance, Holding company, Horizontal integration, Hyundai, Hyundai Heavy Industries, Hyundai Heavy Industries Group, Hyundai Marine & Fire Insurance, Hyundai Mipo Dockyard, Hyundai Mobis, Hyundai Motor Company, Hyundai Motor Group, Hyundai Oilbank, ..., Hyundai Steel, Index of Korea-related articles, Industrial policy, Industrialisation, International Monetary Fund, Japan, Kanji, Keiretsu, Kia Motors, Kim Dae-jung, Kim Young-sam, Korea Exchange, Korean Air, Korean language, Kumho Asiana Group, Kyobo Life Insurance Company, Lee Kun-hee, Lee Myung-bak, LG Chem, LG Corporation, LG Display, LG Electronics, List of companies of South Korea, Lotte (conglomerate), LS Cable & System, LS Group, McCune–Reischauer, Megacorporation, Merriam-Webster, Monopoly, National Agricultural Cooperative Federation, National Assembly (South Korea), National Liberation Day of Korea, Neo-Confucianism, Newly industrialized country, North Korea–South Korea relations, Orders of magnitude (numbers), Oxford University Press, OxfordDictionaries.com, Park Chung-hee, President of South Korea, Price fixing, Proportional representation, Renault, Roh Moo-hyun, Samsung, Samsung C&T Corporation, Samsung Electronics, Samsung Fire & Marine Insurance, Samsung Heavy Industries, Samsung Life Insurance, Shin Dong-bin, Shinsegae, SK Group, SK Telecom, South Korea, South Korean won, Syngman Rhee, The Economist, Vertical integration, Zaibatsu, Zombie bank, 1997 Asian financial crisis. Expand index (63 more) »

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Agriculture

Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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Apple Inc.

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.

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Asiana Airlines Flight 214

Asiana Airlines Flight 214 was a scheduled transpacific passenger flight from Incheon International Airport near Seoul, South Korea, to San Francisco International Airport in the United States.

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Asiaweek

Asiaweek was an English-language news magazine focusing on Asia, published weekly by Asiaweek Limited, a subsidiary of Time Inc. Based in Hong Kong, it was established in 1975, and ceased publication with its 7 December 2001 issue due to a "downturn in the advertising market," according to Norman Pearlstine, editor in chief of Time Inc.

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Bank of Korea

The Bank of Korea (BOK; Hangul: 한국은행) is the central bank of the Republic of Korea and issuer of South Korean won.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Car

A car (or automobile) is a wheeled motor vehicle used for transportation.

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Chey Tae-won

Chey Tae-won (born 3 December 1960) is a South Korean billionaire businessman, and the chairman of SK Corporation.

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Chung Mong-joon

Chung Mong-joon or Chung Mong Joon (정몽준, born October 17, 1951) is a South Korean businessman and politician.

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Chung Mong-koo

Chung Mong-koo (born March 19, 1938, in Gangwon Province) is a South Korean business magnate who is the chairman and CEO of Hyundai Motor Group.

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CJ Group

CJ Corporation is a South Korean conglomerate holding company headquartered in Seoul.

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Cognate

In linguistics, cognates are words that have a common etymological origin.

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Conglomerate (company)

A conglomerate is the combination of two or more corporations operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries.

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Crony capitalism

Crony capitalism is an economy in which businesses thrive not as a result of risks they take, but rather as a return on money amassed through a nexus between a business class and the political class.

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Daelim

Daelim Industrial was established in 1939, and its E&C (Engineering & Construction) and Petrochemical Groups are the main lead of the Daelim Business Conglomerate (Chaebol).

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Daewoo

Daewoo (literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean conglomerate and car manufacturer.

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Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) (Korean: 대우조선해양, 大宇造船海洋) is one of the "Big Three" shipbuilders of South Korea (including Hyundai and Samsung).

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DB Realty

DB Realty Ltd. (Dynamix Balwas Realty) is a Mumbai based, Real Estate Development Company and the flagship company of DB Group, established in 2006.

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Debt-to-equity ratio

The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

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Doosan Group

Doosan Group is a South Korean conglomerate company.

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Doosan Heavy Industries & Construction

Doosan Heavy Industries & Construction Co., Ltd., a subsidiary of Doosan Group, is a heavy industrial company headquartered in Changwon, South Korea.

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Economy of South Korea

The economy of South Korea is the 4th largest in Asia and the 11th largest in the world.

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Export

The term export means sending of goods or services produced in one country to another country.

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Fair Trade Commission (South Korea)

The Korea Fair Trade Commission (KFTC) is South Korea's regulatory authority for economic competition.

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Family business

A family business is a commercial organization in which decision-making is influenced by multiple generations of a family — related by blood or marriage or adoption — who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Four Asian Tigers

The Four Asian Tigers, Four Asian Dragons or Four Little Dragons, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates (in excess of 7 percent a year) between the early 1960s (mid-1950s for Hong Kong) and 1990s.

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Four big families of Hong Kong

The Four big families of Hong KongSing Tao Daily.

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Four big families of the Republic of China

The Four big families of the Republic of ChinaChinanews.com.cn.

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Fraud

In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

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General Motors

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.

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GS Group

GS Group is a South Korean conglomerate. GS comprises GS Holdings, subsidiaries & affiliates including GS Caltex, GS Retail, GS Shop, GS EPS, GS Global, GS Sports and GS E&C among others. The asset size is at 31.1 trillion KRW as the end of 2007 placing GS at the 6th largest in Korea excluding the public business companies. GS Holdings was incorporated in 2004 and officially split from LG Group in 2005, with the Koo family gaining full control over LG Group and the Huh family creating GS Holdings. In December 2005, the company acquired 70% of the shares of GS EPS Co., Ltd. (formerly LG Energy Co., Ltd.) from GS E&C Corporation and LG International Corp. The Koo family retained control of the LG Group while the Huh family formed GS Holdings. Convenience stores, and other retail companies which formerly operated under the LG logo were rebranded as "GS", which, like "LG", comes from the old name, Lucky-Goldstar.

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Hanja

Hanja is the Korean name for Chinese characters.

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Hanjin

The Hanjin Group is a South Korean conglomerate, or chaebol.

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Hansol

Hansol is a South Korean conglomerate, or chaebol.

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Hanwha Group

Hanwha Group is one of the largest business conglomerates (chaebol) in South Korea.

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Hanwha Life Insurance

Hanwha Life Insurance Co., Ltd. is a life insurance company of Korea.

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Holding company

A holding company is a company that owns other companies' outstanding stock.

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Horizontal integration

Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.

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Hyundai

Hyundai Group is a multinational (conglomerate) headquartered in Seoul, South Korea.

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Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd. (or HHI) is the world's largest shipbuilding company.

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Hyundai Heavy Industries Group

The Hyundai Heavy Industries Group (Hangul:현대중공업그룹) refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Heavy Industries regarded as de facto representative of the Group.

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Hyundai Marine & Fire Insurance

Marine & Fire Insurance Company, colloquially Hyundai Haesang or "Hyundai Marine") is a marine, fire, and automobile insurance company established in 1955. Its headquarters are in Jongno-gu, Seoul, South Korea. Hyundai Marine is the second-largest private insurer in Korea and the nation's largest writer of insurance through independent agents. Hyundai Marine writes insurance in Korea, United States, Japan and China. The latter is Hyundai Marine & Fire's largest subsidiary. It has been awarded an A- rating from A.M. Best for six consecutive years and an affirmed BBB+ rating from S&P. Hi-Car and Hi-Life are its major brands. It works through more than 5,000 independent agencies throughout Korea, the United States, Japan, and China. The Hyundai Marine & Fire Insurance Group has 8 subsidiaries. The company operates modified Hyundai and Kia Cars called Independent Response Vehicles..

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Hyundai Mipo Dockyard

Hyundai Mipo Dockyard is one of the largest shipbuilding companies with world share rank 1 (50%) in PC (Product Carrier).

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Hyundai Mobis

Hyundai Mobis (short for Mobile and System) is a public South Korean car parts company.

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Hyundai Motor Company

The Hyundai Motor Company (modernity) is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea.

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Hyundai Motor Group

The Hyundai Motor Group (stylized as HYUNDAI) is a South Korean multinational conglomerate headquartered in Seoul, South Korea, and it is the largest car manufacturer in the country.

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Hyundai Oilbank

Hyundai Oilbank is a petroleum and refinery company with its headquarters in Seosan, South Korea.

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Hyundai Steel

Hyundai Steel Co., Ltd, or HSC (formerly known as Hyundai INI Steel, and before that, Incheon Iron & Steel Co., Ltd.) is a steel making company headquartered in Incheon and Seoul, South Korea, and a member of the Hyundai Motor Group.

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Index of Korea-related articles

This is a list of articles on Korea-related people, places, things, and concepts.

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Industrial policy

The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy.

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Industrialisation

Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive re-organisation of an economy for the purpose of manufacturing.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Japan

Japan (日本; Nippon or Nihon; formally 日本国 or Nihon-koku, lit. "State of Japan") is a sovereign island country in East Asia.

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Kanji

Kanji (漢字) are the adopted logographic Chinese characters that are used in the Japanese writing system.

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Keiretsu

A is a set of companies with interlocking business relationships and shareholdings.

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Kia Motors

Kia Motor Corporation (stylized as KIΛ), headquartered in Seoul, is South Korea's second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 3.3 million vehicles in 2015.

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Kim Dae-jung

Kim Dae-jung, or Kim Dae Jung (6 January 192418 August 2009), was a South Korean politician who served as President of South Korea from 1998 to 2003.

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Kim Young-sam

Kim Young-sam (or; 20 December 1927 – 22 November 2015) was a South Korean politician and democratic activist, who served as President of South Korea from 1993 to 1998.

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Korea Exchange

Korea Exchange (KRX) is the sole securities exchange operator in South Korea.

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Korean Air

Korean Air Lines Co., Ltd., operating as Korean Air, is the largest airline and flag carrier of South Korea based on fleet size, international destinations and international flights.

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Korean language

The Korean language (Chosŏn'gŭl/Hangul: 조선말/한국어; Hanja: 朝鮮말/韓國語) is an East Asian language spoken by about 80 million people.

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Kumho Asiana Group

Kumho Asiana Group is a large South Korean Chaebol (conglomerate), with subsidiaries in the automotive, industry, leisure, logistic, chemical and airline fields.

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Kyobo Life Insurance Company

Kyobo Life Insurance Co, Ltd. (hangul:교보생명) is a South Korean life insurance company headquartered in Seoul, South Korea, formerly known as Daehan Education Insurance (hangul:대한교육보험).

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Lee Kun-hee

Lee Kun-hee (born January 9, 1942) is a South Korean business magnate and the chairman of Samsung Group.

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Lee Myung-bak

Lee Myung-bak (born 19 December 1941) is a South Korean politician and businessman who served as President of South Korea from 2008 to 2013.

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LG Chem

LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea.

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LG Corporation

LG Corporation (Korean: 주식회사 LG), formerly Lucky-GoldStar (Korean: Leogki Geumseong 럭키금성/樂喜金星), is a South Korean multinational conglomerate corporation.

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LG Display

LG Display (Korean: LG 디스플레이) is the world's largest LCD panel maker.

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LG Electronics

LG Electronics Inc. (LG전자) is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea, and is part of the LG Group, employing 82,000 people working in 119 local subsidiaries worldwide.

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List of companies of South Korea

South Korea is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula.

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Lotte (conglomerate)

Lotte Group (Katakana) is a Korean-Japanese conglomerate with headquarters in South Korea and Japan.

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LS Cable & System

LS Cable & System (Korean: LS전선, 엘에스전선) is a Korea-based industrial corporation with global operations and one of the biggest cable manufacturers worldwide.

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LS Group

LS Group is a South Korean chaebol (conglomerate).

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McCune–Reischauer

McCune–Reischauer romanization is one of the two most widely used Korean language romanization systems.

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Megacorporation

Megacorporation, mega-corporation, or megacorp, a term popularized by William Gibson, derives from the combination of the prefix mega- with the word corporation.

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Merriam-Webster

Merriam–Webster, Incorporated is an American company that publishes reference books which is especially known for its dictionaries.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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National Agricultural Cooperative Federation

The National Agricultural Cooperative Federation (initialized as NH (in Korean, derived from '''N'''ong'''H'''yup) or NACF) was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy.

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National Assembly (South Korea)

The National Assembly of the Republic of Korea, often shortened to the National Assembly in domestic English-language media, is the 300-member unicameral national legislature of South Korea.

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National Liberation Day of Korea

The National Liberation Day of Korea is a holiday celebrated annually on August 15 in both North and South Korea.

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Neo-Confucianism

Neo-Confucianism (often shortened to lixue 理學) is a moral, ethical, and metaphysical Chinese philosophy influenced by Confucianism, and originated with Han Yu and Li Ao (772–841) in the Tang Dynasty, and became prominent during the Song and Ming dynasties.

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Newly industrialized country

The category of newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists.

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North Korea–South Korea relations

North Korea–South Korea relations are the political, commercial, diplomatic, and military interactions between North Korea and South Korea.

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Orders of magnitude (numbers)

This list contains selected positive numbers in increasing order, including counts of things, dimensionless quantity and probabilities.

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Oxford University Press

Oxford University Press (OUP) is the largest university press in the world, and the second oldest after Cambridge University Press.

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OxfordDictionaries.com

OxfordDictionaries.com, originally titled Oxford Dictionaries Online (ODO) and rebranded Oxford Living Dictionaries in 2017, is an online dictionary produced by the Oxford University Press (OUP) publishing house, a department of the University of Oxford, which also publishes a number of print dictionaries, among other works.

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Park Chung-hee

Park Chung-hee (or; 14 November 1917 – 26 October 1979) was a South Korean politician, general, who served as the President of South Korea from 1963 until his assassination in 1979, assuming that office after first ruling the country as head of a military junta installed by the May 16 coup in 1961.

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President of South Korea

The President of the Republic of Korea is, according to the South Korean constitution, the chairperson of the cabinet, the chief executive of the government, commander-in-chief of the armed forces, and the head of state of South Korea.

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Price fixing

Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

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Proportional representation

Proportional representation (PR) characterizes electoral systems by which divisions into an electorate are reflected proportionately into the elected body.

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Renault

Groupe Renault is a French multinational automobile manufacturer established in 1899.

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Roh Moo-hyun

Roh Moo-hyun GOM (1 September 1946 – 23 May 2009) was a South Korean politician who served as President of South Korea (2003–2008).

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Samsung

Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul.

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Samsung C&T Corporation

Samsung C&T Corporation (Construction & Trading Corporation) (formerly Samsung Corporation) (Korean: 삼성물산), was founded in 1938 as a parent company of Samsung Group to engage in overseas sales operations.

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Samsung Electronics

Samsung Electronics Co., Ltd. (Korean: 삼성전자; Hanja: 三星電子 (Literally "tristar electronics")) is a South Korean multinational electronics company headquartered in Suwon, South Korea. Through having an extremely complicated ownership structure with some circular ownership, it is the flagship company of the Samsung Group, accounting for 70% of the group's revenue in 2012. Samsung Electronics has assembly plants and sales networks in 80 countries and employs around 308,745 people. It is the world's largest information technology company, consumer electronics maker and chipmaker by revenue. As of October 2017, Samsung Electronics' market cap stood at US$372.0 billion. Samsung has long been a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, chips, flash memory and hard drive devices for clients such as Apple, Sony, HTC and Nokia. It is the world's largest manufacturer of mobile phones and smartphones, started with the original Samsung Solstice and later fueled by the popularity of its Samsung Galaxy line of devices. The company is also a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and is generally regarded as pioneering the phablet market through the Samsung Galaxy Note family of devices. Samsung has been the world's largest television manufacturer since 2006, and the world's largest manufacturer of mobile phones since 2011. It is also the world's largest memory chips manufacturer. In July 2017, Samsung Electronics overtook Intel as the largest semiconductor chip maker in the world. Samsung, like many other South Korean family-run chaebols, has been criticized for low dividend payouts and other governance practices that favor controlling shareholders at the expense of ordinary investors. In 2012, Kwon Oh-hyun was appointed the company's CEO but announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis".

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Samsung Fire & Marine Insurance

Samsung Fire & Marine Insurance (Korean: 삼성화재) (KOSPI # 000810) is an insurance company based in Seoul, South Korea.

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Samsung Heavy Industries

Samsung Heavy Industries or SHI (Korean: 삼성중공업) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea (including Hyundai and Daewoo).

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Samsung Life Insurance

Samsung Life Insurance (Korean: 삼성생명보험) is a South Korean multinational insurance company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group.

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Shin Dong-bin

Shin Dong-bin (born February 14, 1955) is a Japanese-born South Korean businessman.

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Shinsegae

Shinsegae (Korean: 신세계) is a South Korean department store franchise, along with several other businesses, headquartered in Seoul, South Korea.

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SK Group

SK Group (Korean: SK그룹, 에스케이그룹), also known as SK Holdings, is one of the largest conglomerates (chaebol) in South Korea.

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SK Telecom

SK Telecom Co., Ltd. (Hangul: SK텔레콤 or 에스케이텔레콤) (full name: Sunkyong Telecom) is a South Korean wireless telecommunications operator, it is part of the SK Group, one of the country's largest chaebols.

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South Korea

South Korea, officially the Republic of Korea (대한민국; Hanja: 大韓民國; Daehan Minguk,; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lying east to the Asian mainland.

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South Korean won

The won (원,; symbol: ₩; code: KRW) or the Korean Republic Won is the currency of South Korea.

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Syngman Rhee

Syngman Rhee (April 18, 1875 – July 19, 1965) was a South Korean politician, the first and the last Head of State of the Provisional Government of the Republic of Korea, and President of South Korea from 1948 to 1960.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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Vertical integration

In microeconomics and management, vertical integration is an arrangement in which the supply chain of a company is owned by that company.

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Zaibatsu

is a Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period until the end of World War II.

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Zombie bank

A zombie bank is a financial institution that has an economic net worth less than zero but continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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Chaebeol, Chaebol (South korean companies), Chaebols, Chaebul, Chaebŏl, Jaebeol, Jaebol, Jebul, List of chaebol by total revenues, Samlip Food, South Korean Companies, South Korean conglomerates, 재벌.

References

[1] https://en.wikipedia.org/wiki/Chaebol

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