Advantages And Shortcomings Of Korean Chaebols

Abstract

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.