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Very large, family-help Korean conglomerates that have considerable political and economic power are called ___________.

1) Chaebols
2) Keiretsu
3) Mittelstand
4) Zaibatsu

User GoingTharn
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1 Answer

3 votes

Final answer:

Chaebols are the very large, family-help Korean conglomerates that wield considerable political and economic power. They have played a significant role in promoting South Korea as a leading shipbuilding nation.

Step-by-step explanation:

The very large, family-help Korean conglomerates that have considerable political and economic power are called chaebols. These conglomerates, such as Daewoo, Samsung, Kia Motors, Hyundai, and the Orion Group, have played a significant role in promoting South Korea as a leading shipbuilding nation. They continue to reform their economic system to adapt to global economic conditions.

User Sayingu
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