Chaebols are large, family-owned business conglomerates that play a significant role in South Korea’s economy. Some of the most well-known chaebols include Samsung Group, which is the largest ...

South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports.

is the fourth largest chaebol in South Korea. It has operations in chemical manufacturing, telecommunications, and more. In fact, the first product LG ever made in 1947 was a cosmetic called Lucky ...