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CHAEBOL SYSTEM

Yıl 2021, Cilt 6, Sayı 12, 1 - 13, 30.06.2021

Öz

Chaebol is a well-known Korean conglomerate system. Chaebol companies contributed a lot during the Korean rapid economic development. Since the 1960s, Chaebol companies have been taking active and severe roles in the Korean economy and the international market. Although Chaebols are domestically and internationally robust, they have many systematical problems. For instance, chaebol firms are still bossed by the founder families instead of the professionals, e.g., CEOs and CFOs. Therefore, the Japanese Keiretsu system and the Korean Chaebol system are compared in order to define the weakness of chaebols. In addition, the close relationship between the Korean government and Chaebols weakened the strength of many Korean companies and triggered the 1998 Korean recession.

Kaynakça

  • Andolfo, Immacolata. 2018. Chaebols, the engine of the Korean economy: a case study of the Samsung Group. Rome: Luiss University.
  • Black, Terry, and Susan Black. 1999. “The Korean Financial Crisis- Causes, Effects and Solutions. ” Social Policy For the 21th Century: Justice and Responsibility 42-47.
  • Cae-one, Kim. 2001. “Export and Business Conglomerates. ” In The Korean Economy: Reflections at the New Millnnium, by Korean Naional Commission, 83-106. Seoul: Hollym.
  • Edwards, Sebastian. 2002. “Preventing Currency Crises in Emerging MArket. ” National Bureau of Economic Research.
  • Fortune. 1988. “Non-U. S. Corporations” Available at: https://archive. fortune. com/magazines/fortune/fortune_archive/1988/08/01/70870/index. htm (date of access - 21. 02. 2020) Geitner, Paul. 2019. South Korea’s Chaebol (Bloomberg. com). August 29. Accessed March 28, 2020. https://www. bloomberg. com/quicktake/republic-samsung.
  • Grabowiecki, Jerzy. 2006. Keiretsu Goups: Their Role in the Japanese Economy and a Reference Point for Other Countries. Japan: Institute of Devloping Economies, Japan External Trade Organization.
  • Graham, Edward M. 2003. The miracle with a Dark Side: Korean Economic Development under Park Chung-hee. Washington: Institute for International Economics (IIE).
  • KANG, MYUNG HUN. 1996. The Korean Business Conglomerate: Chaebol Then and Now. California: UNIVERSITY OF CALIFORNIA.
  • Kihwan, Kim. 2006. The 1997-98 Korean Financial Crisis: Causes, Policy Response, and Lessons. Singapore: The International Monetary Fund and The Government of Singapore .
  • KIM, BYUNG-KOOK, and EZRA F. VOGEL. 2011. The Park Chung Hee Era. London: HARVARD UNIVERSITY PRESS.
  • Kim, Nak Nyeon. 2011. “Historical Statistics of Korea. ” Review of Economic History 171-196.
  • Kim, Seung-kyung, and John Finch. 2002. “Living with Rhetoric, Living against Rhetoric: Korean Families and the IMF Economic Crisis. ” Korean Studies 120-139
  • Ko, Jae-Young. 2007. “The South Korean experience in economic development. ” In Making World Development Work, by Charles Hall, 127 - 141. New Mexico: University of New Mexico Press.
  • Le, Long. 2016. “The Growth of Korean Companies and Their Contributions to the Miracle of the Han River. ” International Journal of Multimedia and Ubiquitous Engineering 253-266.
  • Lee, Hyun-Hoon. 1999. “Korea’s 1997 Financial Crisis: Causes, Consequences and Prospects. ” A Journal of Policy Analysis and Reform 351-363.
  • Lee, Phil-Sang. 2000. “Economic Crisis and Chaebol Reform in Korea. ” Discussion Paper Series APEC Study Center Columbia Business School No: 14 1 - 20.
  • Nakatani, Iwao. 1984. “The Economic Role of Financial Corporate Grouping. ” The Economic Analysis of Japanese Firms, ed. M. Aoki.
  • Park, Yoon-Shik, David Steinberg, Tae Soo Kang, and Danny M. Leipziger. 2015. Korea’s Economy, Volume 30. The United States of America.
  • Song, Byung-Nak. 1997. The Rise of Korean Economy. Hong Kong: Oxford University Press.
  • Sung, Taeyoon, and Doyeon Kim. 2017. “How Chaebol restructuring after the 1997 crisis has affected corporate decision and performance in Korea: debt financing, ownership structure, and investment. ” China Economic Journal 147-161.
  • The Global Economy. 2019. South Korea: Unemployment rate. Accessed March 29, 2020. https://www. theglobaleconomy. com/South-Korea/unemployment_rate/.
  • Tu, Howard S. , and Seung Yong Kim. 2002. “Global strategy lessons from Japanese and Korean business groups. ” Business Horizons 39- 46.

CHAEBOL SYSTEM

Yıl 2021, Cilt 6, Sayı 12, 1 - 13, 30.06.2021

Öz

Chaebol is a well-known Korean conglomerate system. Chaebol companies contributed a lot during the Korean rapid economic development. Since the 1960s, Chaebol companies have been taking active and severe roles in the Korean economy and the international market. Although Chaebols are domestically and internationally robust, they have many systematical problems. For instance, chaebol firms are still bossed by the founder families instead of the professionals, e.g., CEOs and CFOs. Therefore, the Japanese Keiretsu system and the Korean Chaebol system are compared in order to define the weakness of chaebols. In addition, the close relationship between the Korean government and Chaebols weakened the strength of many Korean companies and triggered the 1998 Korean recession.

Kaynakça

  • Andolfo, Immacolata. 2018. Chaebols, the engine of the Korean economy: a case study of the Samsung Group. Rome: Luiss University.
  • Black, Terry, and Susan Black. 1999. “The Korean Financial Crisis- Causes, Effects and Solutions. ” Social Policy For the 21th Century: Justice and Responsibility 42-47.
  • Cae-one, Kim. 2001. “Export and Business Conglomerates. ” In The Korean Economy: Reflections at the New Millnnium, by Korean Naional Commission, 83-106. Seoul: Hollym.
  • Edwards, Sebastian. 2002. “Preventing Currency Crises in Emerging MArket. ” National Bureau of Economic Research.
  • Fortune. 1988. “Non-U. S. Corporations” Available at: https://archive. fortune. com/magazines/fortune/fortune_archive/1988/08/01/70870/index. htm (date of access - 21. 02. 2020) Geitner, Paul. 2019. South Korea’s Chaebol (Bloomberg. com). August 29. Accessed March 28, 2020. https://www. bloomberg. com/quicktake/republic-samsung.
  • Grabowiecki, Jerzy. 2006. Keiretsu Goups: Their Role in the Japanese Economy and a Reference Point for Other Countries. Japan: Institute of Devloping Economies, Japan External Trade Organization.
  • Graham, Edward M. 2003. The miracle with a Dark Side: Korean Economic Development under Park Chung-hee. Washington: Institute for International Economics (IIE).
  • KANG, MYUNG HUN. 1996. The Korean Business Conglomerate: Chaebol Then and Now. California: UNIVERSITY OF CALIFORNIA.
  • Kihwan, Kim. 2006. The 1997-98 Korean Financial Crisis: Causes, Policy Response, and Lessons. Singapore: The International Monetary Fund and The Government of Singapore .
  • KIM, BYUNG-KOOK, and EZRA F. VOGEL. 2011. The Park Chung Hee Era. London: HARVARD UNIVERSITY PRESS.
  • Kim, Nak Nyeon. 2011. “Historical Statistics of Korea. ” Review of Economic History 171-196.
  • Kim, Seung-kyung, and John Finch. 2002. “Living with Rhetoric, Living against Rhetoric: Korean Families and the IMF Economic Crisis. ” Korean Studies 120-139
  • Ko, Jae-Young. 2007. “The South Korean experience in economic development. ” In Making World Development Work, by Charles Hall, 127 - 141. New Mexico: University of New Mexico Press.
  • Le, Long. 2016. “The Growth of Korean Companies and Their Contributions to the Miracle of the Han River. ” International Journal of Multimedia and Ubiquitous Engineering 253-266.
  • Lee, Hyun-Hoon. 1999. “Korea’s 1997 Financial Crisis: Causes, Consequences and Prospects. ” A Journal of Policy Analysis and Reform 351-363.
  • Lee, Phil-Sang. 2000. “Economic Crisis and Chaebol Reform in Korea. ” Discussion Paper Series APEC Study Center Columbia Business School No: 14 1 - 20.
  • Nakatani, Iwao. 1984. “The Economic Role of Financial Corporate Grouping. ” The Economic Analysis of Japanese Firms, ed. M. Aoki.
  • Park, Yoon-Shik, David Steinberg, Tae Soo Kang, and Danny M. Leipziger. 2015. Korea’s Economy, Volume 30. The United States of America.
  • Song, Byung-Nak. 1997. The Rise of Korean Economy. Hong Kong: Oxford University Press.
  • Sung, Taeyoon, and Doyeon Kim. 2017. “How Chaebol restructuring after the 1997 crisis has affected corporate decision and performance in Korea: debt financing, ownership structure, and investment. ” China Economic Journal 147-161.
  • The Global Economy. 2019. South Korea: Unemployment rate. Accessed March 29, 2020. https://www. theglobaleconomy. com/South-Korea/unemployment_rate/.
  • Tu, Howard S. , and Seung Yong Kim. 2002. “Global strategy lessons from Japanese and Korean business groups. ” Business Horizons 39- 46.

Ayrıntılar

Birincil Dil İngilizce
Konular Sosyal
Bölüm Makaleler
Yazarlar

Mahmut Zekı AKARSU (Sorumlu Yazar)
Warsaw University
0000-0002-8140-4124
Poland

Yayımlanma Tarihi 30 Haziran 2021
Yayınlandığı Sayı Yıl 2021, Cilt 6, Sayı 12

Kaynak Göster

APA Akarsu, M. Z. (2021). CHAEBOL SYSTEM . Uluslararası Afro-Avrasya Araştırmaları Dergisi , 6 (12) , 1-13 . Retrieved from https://dergipark.org.tr/tr/pub/ijar/issue/64457/869275

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