Question

Which of the following statements is correct regarding chaebol (South Korea's strategic alliance groups)?

A) Chaebol are government-owned corporations in South Korea.
B) Chaebol are primarily involved in traditional agriculture.
C) Chaebol operate independently and do not collaborate with each other.
D) Chaebol are large conglomerates with diversified business interests and strong family control.

Answer 1

Chaebol are large South Korean conglomerates with diversified business interests and strong family control, significant in the country's economic growth and industrial development.

Step-by-step explanation:

The correct statement regarding chaebol, South Korea's strategic alliance groups, is that chaebol are large conglomerates with diversified business interests and strong family control. Chaebols, such as Samsung, Hyundai, and LG, have played a significant role in South Korea's industrial and economic development. They are not government-owned but have at times been supported by government policies. These conglomerates have been instrumental in propelling South Korea to become a leading producer in various sectors, including automobiles, electronics, and shipbuilding, contributing to the nation's high standards of living and prosperous economy.