Advantages And Shortcomings Of Korean Chaebols | Zendy

Hong Y. Park | Zendy; GeonCheol Shin | Zendy; Sung Hahn Suh | Zendy

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Advantages And Shortcomings Of Korean Chaebols

Author(s) -

Hong Y. Park,

GeonCheol Shin,

Sung Hahn Suh

Publication year - 2011

Publication title -

international business and economics research journal (iber)

Language(s) - English

Resource type - Journals

eISSN - 2157-9393

pISSN - 1535-0754

DOI - 10.19030/iber.v7i1.3210

Subject(s) - chaebol , diversification (marketing strategy) , business , financial crisis , keiretsu , economics , finance , corporate governance , marketing , macroeconomics

The prevalent form of business organizations in Korea is a chaebol. The chaebol is a diversified conglomerate. This paper addresses the following issues concerning Korean chaebols: 1) reasons for diversification, 2) advantages and shortcomings of chaebols, 3) issues facing Korean chaebols, and 4) chaebols managing the crisis and making reforms. We found that Korean chaebols managed to learn from the economic crisis and made successful reforms.

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