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By Dennis L. McNamara

South Korean conglomerates, or "chaebol," similar to Hyundai and Samsung play a much more vital function in Korean economic climate than do related huge enterprises within the usa' and eastern economies. regardless of the significance of the chaebol to the speedy postwar improvement of the Korean financial system, little has been written approximately their origins in the course of the eastern career. via case reviews of neighborhood possession in significant monetary, advertisement and commercial ventures, this publication presents a close photo of indigenous capitalism in the course of eastern colonization. Drawing on eastern govt assets, Korean biographies and diaries, interviews, and usa intelligence fabric, the writer offers a compelling account of key personalities within the Korean company elite and of the private dilemmas of balancing nationalism opposed to good fortune lower than established, colonial stipulations. the writer concludes that established instead of comprador capitalism characterised prime Korean enterprise via 1945. styles of focus inside family members corporations, shut ties with the colonial nation, and mutual aid between a Korean internal circle of industrial leaders represent a legacy of the colonial interval very important to the next improvement of Korean conglomerates.

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