South Korean development centred on large enterprises, and mostly on giant business conglomerates called chaebol. The study deals with objective conditions for "chaebolization", business diversification through subsidiaries and personal connections between government and business. It notes that...

The electronics industry is the largest manufacturing sector and also forms the largest export industry in both the Republic of Korea (South Korea) and Taiwan. However, the industry's development process and present makeup differ greatly in the two economies. The author shows that in its initial...