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The chaebol played a key role in developing new industries, markets, and export production, helping make South Korea one of the Four Asian Tigers. Although South Korea's major industrial programs did not begin until the early 1960s, the origins of the country's entrepreneurial elite were found in the political economy of the 1950s.
Corporate headquarter buildings of Big 4 Chaebol groups; Samsung, Hyundai Motors, SK, and LG (Clockwise from top left) This article lists the largest companies in South Korea in terms of their revenue , net profit , total assets and market value according to American business magazines Fortune and Forbes .
Chaebol (alternatively Jaebeol) refers to a South Korean form of business conglomerate. The Korean word means "business group" or "trust", and is often used the way "Big Business" is used in English. The Korean word means "business group" or "trust", and is often used the way "Big Business" is used in English.
Lotte Corporation is a South Korean multinational conglomerate corporation, and the fifth-largest chaebol in South Korea. [1] Lotte was founded on 28 June 1948 by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on 3 April 1967.
Chaebol refers to corporate groups in South Korea, mainly run by families, that exercise monopolist or oligopolist control over product lines and industries. [citation needed] [further explanation needed] They can be compared with conglomerates of the United States and the zaibatsu of Japan. During the industrialization period of South Korea ...
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals ...
The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before ...
A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce, sending shares in the group's holding firm surging ...