Chaebols in South Korea

Article: How Chaebols are stifling South Korea’s economy?

Ref: ET Dec 1st 2012

What are Chaebols?

Chaebols are large groups of family controlled companies in South Korea. Literally, the word

chaebol, pronounced jay BOL or chay bol, means

business association

Chaebols are similar to  keiretsu in Japan

Chaebols

Each Chaebol is owned, controlled or managed by the same family dynasty, generally that of the group's founder.

Samsung, Hyundai and LG Group are among the biggest and most

prominent Chaebol

Small businesses are in red due to high voltage Chaebols business

power in the south Korean Economy

As per World bank report South Koreas economy hold no: 15 place

Chaebols led success in Koreas Economy is a cost to the country

Present Scenario

Present Scenario

Widening income gap

Highest suicide rate in the developed world

Conglomerates account for nearly half of GDP

The top ten Chaebols make up more than half the value of the 1770 companies on

the Korea Stock exchange.

Top Chaebols Lotte Group

SK Group

LG group

Samsung Group

Hundai Kia Automotive Group

Korean Chaebols in India

Samsung - $ 3.6 Billion*

LG - $2.9 Billion

Hyundai $ 3.7 Billion

*Annual Revenue