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English to Arabic translations [PRO]
Bus/Financial - Finance (general) / Finance terminology | | English term or phrase: Chaebol | The Politics of Chaebol Reform in
Korea: Social Cleavage and New Financial Rules
Chaebol are Korea's vertically integrated industrial conglomerate controlled by a
founding family. While the chaebol have hired an increasing number of professional
managers in recent years, family members continue to dominate the top executive
positions (Kim, 1991: 266-7). As an organisation, the chaebol mirror their Japanese
counterparts, which rely on a complex web of cross-company ownership to maintain
tight managerial control of their group companies (Chang, 2003). In one crucial
aspect, however, the chaebol and keiretsu can be distinguished: ready access to credit
through direct bank ownership, which played a central role in the keiretsu business
strategy and expansion, but not in the case of the chaebol |
| | | Selected response from:
  Nadia Ayoub
Egypt
Local time: 06:26
| Grading comment Thanks a lot for help
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| Changes made by editors |
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| Sep 26, 2011 - Changes made by Nadia Ayoub: | | Created KOG entry | KudoZ term => KOG term |
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