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A chaebol (UK: / ˈ tʃ eɪ b əl, ˈ tʃ eɪ b ɒ l / CHAY-bəl, CHAY-bol, [1] [2] US: / ˈ tʃ eɪ b oʊ l, ˈ dʒ ɛ b əl / CHAY-bohl, JEB-əl; [3] Korean: 재벌 ⓘ, lit. ' rich family ' or ' financial clique ') is a large industrial South Korean conglomerate run and controlled by an individual or family. [3]
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.
SK Group (Korean: SK그룹; 에스케이그룹) is a South Korean multinational manufacturing and services conglomerate headquartered in Seoul. A chaebol (Korean family-owned conglomerate), SK Group is the second largest such conglomerate by revenue in South Korea, after Samsung Group.
Every Korean chaebol business was started by a family group and 70 percent of chaebol [citation needed] are still managed by family members, and in order for the power and standing of these groups to grow stronger, many chaebol form alliances through marriage, with examples including Samsung and Hyundai. Many political affiliations are formed ...
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 .
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.
Daewoo (UK: / ˈ d eɪ. uː / DAY-oo; US: / ˌ d eɪ ˈ w uː / day-WOO; Korean: 대우; Hanja: 大宇; IPA:; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer.
The Hanjin Group (Korean: 한진 그룹; Hanja: 韓進 그룹; RR: Hanjin Geurup) is a South Korean chaebol.The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea.