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The origins of Korean chaebols and their roots in the Korean war

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  • The origins of Korean chaebols and their roots in the Korean war
  • Rhyu, Sang-young
  • The Korean Association of International Studies


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Title The origins of Korean chaebols and their roots in the Korean war
Similar Titles
Material Type Articles
Author(English)

Rhyu, Sang-young

Publisher

[Seoul]:The Korean Association of International Studies

Date 2005-11
Journal Title; Vol./Issue The Korean Journal of International Relations:vol. 45(no. 5)
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Industry and Technology < Entrepreneurship
Holding The Korean Association of International Studies

Abstract

The driving thesis behind this study is to place the formation of Korean Chaebols squarely in the 1950s, corresponding directly with the outbreak and conduct of the Korean War. The Korean War provided enough new market demand for the emersion of Korea’s Chaebols. During and after the War, disposal of ex-Japanese enterprises, relief funds, government reserved dollar allocations and bank finance loans provided the grounds for the formation of Chaebols. This study emphasizes the need to couple the Chaebols’rent seeking behaviors with their divergent strategies and abilities to utilize and maximize productivity. It substantiates, from case studies, that contrary to conventional wisdom, political factors are neither the sole nor majority cause for the growth of these Chaebols; rather, their growth owes largely to government’s economic policies and their economic strategy and market adaptability. (The rest omitted)