Historical Developments of Korean Capitalism. The Hyundai Business Group, 1940s-1990s

S.-H. Kwon

Working Papers from The University of New South Wales. Department of Industrial Relations.

Abstract: The chaebol, family-controlled conglomerates, which now dominate the South Korean economy constitute a unique type of business enterprise in the development worldwide of capitalist economies. With the support of a developmentalist state, the chaebol played a central role in rapid industrialisation of the South Korean economy, which in turn facilitated the transformation of what were originally small, family capitalist enterprises in the late 1940s, to large scale industrial enterprises in the 1990s.

Keywords: KOREA; CAPITALISM (search for similar items in EconPapers)
JEL-codes: L22 N75 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nswair:115

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