Korea's keirestsu-like corporate conglomerates is known as ?
Correct answer: B. chaebol
- A. zaibatsu
- B. chaebol
- C. laissez faire
- D. bourgeoisie
Explanation
Chaebol is the Korean term for large, family-controlled corporate conglomerates such as Samsung and Hyundai. Zaibatsu refers to Japan’s pre-war business conglomerates, while keiretsu describes Japan’s post-war affiliated-company networks.
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