Chaebol Flashcards

1
Q

who are the chaebol?

A

South Korean big businesses dominating the country’s economy.

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2
Q

What are they(the chaebol)?

A

Large family-controlled business groups with significant influence in various industries.

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3
Q

when did they(chaebol) emerge?

A

Emerging after the Korean War, playing a key role in Korea’s economic development.

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4
Q

how are they perceived?

A

credited for playing a big part in Korea’s economy, but their power and influence raise concerns about competition and economic fairness.

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