What is a chaebol? Let s talk about the allusion, where does it come from?

Plutocrat was originally a general term for Japan's pre-war financial capital groups, mainly referring to Mitsui Trading, Sumitomo Trading, Mitsubishi Trading, and Yasuda Trading, Japan's four major conglomerates from the 19th to the 20th centuries. In Japan, because the financial capital group is associated with a strong feudal family relationship, people are accustomed to calling the Japanese financial capital group a zaibatsu.

At the beginning of the 20th century, with the further strengthening of production and capital concentration, Japan formed four major chaebols centered on the family, Mitsui, Mitsubishi, Sumitomo, and Yasuda. They take the head office controlled by family capital as the core, and control the direct and subsidiary enterprises of various economic sectors through the shareholding relationship of the family head company, the direct company and the quasi-direct company, forming a huge Kang Caien. During World War II, six new chaebols, including Ayukawa, Asano, Furukawa, Okura, Nakajima, and Nomura, were added to the original four chaebols, collectively known as the top ten chaebols in Japan.

However, after World War II, Japan's financial capital groups underwent major changes in their monopoly core and form of rule. For example, the six major financial capital groups, including Mitsubishi, Sumitomo, Mitsui, Fuji, Miwa, and Daiichi Koshi, with their respective banks as the core, include major economic sectors such as finance, industry, transportation, commerce, and international **, and control Japan's economic lifeline and state apparatus. As a result, the financial capital groups in Japan after the Second World War are no longer referred to as zaibatsu but as other capitalist countries.

After World War II, chaebol was used to refer to large corporations that are controlled by families, operated in multiple ways, cross-shared, and even intervened in politics, and in South Korea and other regions, chaebol has a negative connotation.

There is no chaebol in China. There is no real chaebol in the country, although there are many rich private enterprises in the country, but these private enterprises are only in charge of a certain amount of wealth in a certain industry.

But they have not blatantly formed a certain chaebol, but there are chaebols in Western countries, such as the Japanese chaebols, but there are not them in my country, because my spring chopping is particularly strict in supervision, especially cracking down on this illegal chaebol, so as not to cause bad losses to the country.

Definition of chaebol

A chaebol is a monopoly capital group formed under the control of the same financial oligarchy and by combining the same clan and close relatives. Second world war.

A common term for the former Japanese financial monopoly capital group. Japan during the Meiji Restoration.

Later, into capitalism.

Development period, at the beginning of the 20th century, there was a wide development of monopoly organizations.

Before the 30s of the 20th century, Mitsui was formed.

Mitsubishi, Sumitomo, Yasuda four major chaebols, after the 30s, Ayukawa, Asano, Furukawa appeared.

A number of emerging chaebols such as Okura, Nakajima, and Nomura. These chaebols are centered on the family head company, forming a direct line of the family head company.

Company – a special shareholding relationship of a subsidiary company.

Chaebol refers to a paternalistic monopoly capital group, which is a series of enterprise conglomerates that are actually controlled by the family and the control of management rights.

The term "zaibatsu" originated in Japan and was used around 1900 AD, originally referring to wealthy people in a certain place, until the Meiji era.

At the end of the period, it was gradually no longer limited to a certain place, and generally referred to the family of the rich man. In today's definition, a chaebol is a family or a blood relationship.

A conglomerate with subsidiaries that operate a variety of businesses centered on the parent company established by the company's relatives.

Traits of the chaebol.

A typical chaebol has the following five qualities:

First of all, in addition to state-owned enterprises, it must be a close-knit family business.

The main resources in the enterprise are in the hands of a few people, and they are all related to each other.

Second, the scope of enterprise operation is wide, the number of employees is large, and it accounts for a considerable proportion of the gross national product.

Third, the chaebols usually have a financial sector under them, which makes it easier for companies to mobilize funds (and even borrow illegally).

Fourth, cross-shareholding within enterprise groups is very common, and after multiple cross-shareholdings, the company's management rights have increased the closeness within the chaebol, facilitated mutual borrowing, and also caused a decrease in financial transparency. However, if there are companies in the group that are not doing well, they are often implicated in each other.

Fifth, the chaebol is usually associated with **.

Well, they are often allowed to operate ** concession industries, such as petrochemical heavy industries, etc., and the chaebols will also directly or indirectly intervene in politics through political donations, election candidacy, etc.