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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Young-sam
Kim Young-sam (; or ; 20 December 1927 – 22 November 2015) was a South Korean politician and activist who served as the seventh president of South Korea from 1993 to 1998. From 1961, he spent almost 30 years as one of the leaders of the South Korean opposition, and one of the most powerful rivals to the authoritarian regimes of Park Chung-hee and Chun Doo-hwan. Elected as president in 1992, Kim became the first civilian to hold the office in over 30 years. He was inaugurated on 25 February 1993, and served a single five-year term, presiding over a massive anti-corruption campaign, the arrest of his two predecessors, and an internationalization policy called ''Segyehwa''. At the final years of his presidency, Kim had been widely blamed for the collapse of the Seongsu Bridge and the Sampoong Department Store and the downturn and recession of the South Korean economy during the 1997 Asian financial crisis, which forced South Korea to accept tens of billions of dollar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Park Chung Hee
Park Chung-hee (, ; 14 November 1917 – 26 October 1979) was a South Korean politician and army general who served as the dictator of South Korea from 1961 until his assassination in 1979; ruling as an unelected military strongman from 1961 to 1963, then as the third President of South Korea from 1963 to 1979. Before his presidency, he was the second-highest ranking officer in the South Korean army and came to power after leading a military coup in 1961, which brought an end to the interim government of the Second Republic. After serving for two years as chairman of the military junta, he was elected president in 1963, ushering in the Third Republic. During his rule, Park began a series of economic reforms that eventually led to rapid economic growth and industrialization, now known as the Miracle on the Han River, giving South Korea one of the fastest growing national economies during the 1960s and 1970s, albeit with costs to economic inequality and labor rights. This ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the '' Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chung Mong-joon
Chung Mong-joon or Chung Mong Joon ( ko, 정몽준, born October 17, 1951) is a South Korean businessman and politician. He is the sixth son of Chung Ju-yung, founder of Hyundai, the second-largest South Korean '' chaebol'' before its breakup in 2003. He remains the controlling shareholder of a Hyundai offshoot, Hyundai Heavy Industries Group, parent of the world's largest shipbuilding company. He is also the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea.Ulsan College He is the founder and the honorary chairman of The Asan Institute for Policy Studies. He was Honorary Vice-President of [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Group
Hyundai Group (; ) is a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second chaebol. Chung Ju-yung was directly in control of the company until his death in 2001. The company spun off many of its better known businesses after the 1997 Asian financial crisis and founder Chung Ju-yung's death, including Hyundai Motor Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group. The Hyundai Group now focuses on elevators and tourism to Mount Kumgang. Etymology The name "Hyundai" comes from the Korean word ( hanja form), which means "modernity". History * In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial company of the Hyundai Group, was established by Chung Ju-yung. Hyundai Construction began operating outside of Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zaibatsu
is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period until the end of World War II. A ''zaibatsu'' general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the ''zaibatsu'' played an important role in the Japanese economy from the 1860s to 1945, they increased in number and importance following the Russo-Japanese War of 1904–1905, World War I and Japan's subsequent attempt to conquer East Asia during the inter-war period and World War II. After World War II they were dissolved by the Allied occupation forces and succeeded by the ''keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equivalents to the ''zaibatsu'' can still be found in other countries, such as the '' chaebol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korean Politics
The politics of the Republic of Korea take place in the framework of a presidential representative democratic republic, whereby the president is the head of state, and of a multi-party system. The government exercises executive power and legislative power is vested in both the government and the National Assembly. The judiciary is independent of the executive and the legislature and comprises a Supreme Court, appellate courts, and a Constitutional Court. Since 1948, the constitution has undergone five major revisions, each signifying a new republic. The current Sixth Republic began with the last major constitutional revision in 1987. National government Executive branch , President , Yoon Suk-yeol , People Power Party , 10 May 2022 , - , Prime Minister , Han Duck-soo , Independent , 22 May 2022 The head of state is the president, who is elected by direct popular vote for a single five-year term. The president is Commander-in-Chief of the Republic of Korea Armed Force ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clique
A clique ( AusE, CanE, or ), in the social sciences, is a group of individuals who interact with one another and share similar interests. Interacting with cliques is part of normative social development regardless of gender, ethnicity, or popularity. Although cliques are most commonly studied during adolescence and middle childhood development, they exist in all age groups. They are often bound together by shared social characteristics such as ethnicity and socioeconomic status. Examples of common or stereotypical adolescent cliques include athletes, nerds, and "outsiders". Typically, people in a clique will not have a completely open friend group and can, therefore, "ban" members if they do something considered unacceptable, such as talking to someone disliked. Some cliques tend to isolate themselves as a group and view themselves as superior to others, which can be demonstrated through bullying and other antisocial behaviors. Terminology Within the concepts of sociology, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merriam-Webster
Merriam-Webster, Inc. is an American company that publishes reference books and is especially known for its dictionaries. It is the oldest dictionary publisher in the United States. In 1831, George and Charles Merriam founded the company as G & C Merriam Co. in Springfield, Massachusetts. In 1843, after Noah Webster died, the company bought the rights to '' An American Dictionary of the English Language'' from Webster's estate. All Merriam-Webster dictionaries trace their lineage to this source. In 1964, Encyclopædia Britannica, Inc. acquired Merriam-Webster, Inc. as a subsidiary. The company adopted its current name in 1982. History Noah Webster In 1806, Webster published his first dictionary, ''A Compendious Dictionary of the English Language''. In 1807 Webster started two decades of intensive work to expand his publication into a fully comprehensive dictionary, ''An American Dictionary of the English Language''. To help him trace the etymology of words, Webster lea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul Square
Seoul Plaza is a central plaza located in front of Seoul City Hall at Taepyeongno, Jung-gu in Seoul, South Korea. It was reopened on 1 May 2004, by Seoul Metropolitan Government, with the purpose of providing the public an open space. It is part of the City's plans for environmentally friendly renovation projects such as the Cheonggye Stream and Gwanghwamun Plaza. Description The site was originally a traffic square with a 40-year-old fountain that was demolished and the nearby space was renovated. Seoul Plaza is elliptical in shape, covering 3,995 pyeong (13,207 m2) in total and 1,904 pyeong (6,294 m2) for grass area. An underground water tank was installed along with 48 lighting around the grass square. The underground tank stores rain water for use in the sprinklers on the lawn. The plaza has been the site of protests against US beef imports in South Korea, and Korea Queer Culture Festival. The plaza was also the Starting Line of ''The Amazing Race Australia 4''. Administrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newly Industrialised Countries
The category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society. Definition NICs are countries whose economies have not yet reached a developed country's status but have, in a macroeconomic sense, outpaced their developing counterparts. Such countries are still considered developing nations and only differ from other developing nations in the rate at which an NIC's growth is much higher over a shorter allotted time period compared to other developing nations. Another characterization of NICs is that of countries undergoing rapid economic growth (usually export-oriented). Incipient or ongoing indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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