- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the <i>Keiretsu</i>?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
By 1996, Korea had emerged as the world's eleventh largest economy and as a major global player in many industries ranging from shipbuilding and steel to semiconductors and automobiles, becoming the second Asian country after Japan to join the Organization for Economic Cooperation and Development. At the heart of Korea's rapid and successful industrial transformation have been the family-controlled, diversified business groups known as chaebol, which have at times been praised and at other times criticized. The rise, fall, and re-emergence of the chaebol pose an intriguing question for scholars and public policy-makers alike. This article starts with a brief historical overview of the genesis and subsequent evolution of the chaebol. It then discusses their diversification, globalization, and corporate governance, and finally concludes with their theoretical, practical, and public policy implications.
Hicheon Kim is Associate Dean and Professor of Strategy and Organization at Korea University Business School, South Korea. His research interests include business groups, diversification and restructuring, corporate governance, and corporate venturing. His work has been published in leading journals, including Academy of Management Journal, Strategic Management Journal, Organization Science, and Journal of Management.
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