There has been a myth that the extended family is the most popular type of family in the pre-modern society. But it is not much supported by the historical data in European countries. This paper also tries to challenge the myth about the Korean family using Daegu Family Registry, which was...

Succession : a sensitive matter in Asia -- Asia's family-run banks : the beginning of the end of an era? -- South Korea's top 5 family dynasties : birthright of eldest son -- ASEAN & East Asia -- References.

In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...