|
A chaebol ((朝鮮語:재벌), from ''chae'' "wealth or property" + ''bol'' "faction or clan" - also written with the same Chinese characters 財閥 as Zaibatsu)〔(【引用サイトリンク】url=http://www.merriam-webster.com/dictionary/chaebol )〕 is a South Korean form of business conglomerate. They are typically global multinationals owning numerous international enterprises,〔 controlled by a chairman who has power over all the operations.〔 The term is often used in a context similar to that of the English word "conglomerate". The term was first used in 1984.〔 There are several dozen large Korean family-controlled corporate groups which fall under this definition. The chaebol have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-jun, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders also were chosen to be members of the National Assembly through proportional representation. Since 2000, Hyundai has played a role in the thawing of North Korean and South Korean relations.〔agricultural well into the mid-20th century. However, the policies of President Park Chung Hee spurred rapid industrialization by promoting large businesses, following his seizure of power in 1961. This was called the First Five Year Economic Plan.〔 Government industrial policy set the direction of new investment, and the chaebol were to be guaranteed loans from the banking sector. In this way, the chaebol played a key role in developing new industries, markets, and export production, helping place South Korea as one of the Four Asian Tigers. Although South Korea's major industrial programs did not begin until the early 1960s, the origins of the country's entrepreneurial elite were found in the political economy of the 1950s. Very few Koreans had owned or managed larger corporations during the Japanese colonial period. After the departure of the Japanese in 1945, some Korean businessmen obtained the assets of some of the Japanese firms, a number of which grew into the chaebol of the 1990s. These companies, as well as certain other firms that were formed in the late 1940s and early 1950s, had close links with Syngman Rhee's First Republic, which lasted from 1948 to 1960. It was alleged that many of these companies received special favors from the government in return for kickbacks and other payments. When the military took over the government in 1961, military leaders announced that they would eradicate the corruption that had plagued the Rhee administration and eliminate injustice from society. Some leading industrialists were arrested and charged with corruption, but the new government realized that it would need the help of the entrepreneurs if the government's ambitious plans to modernize the economy were to be fulfilled. A compromise was reached, under which many of the accused corporate leaders paid fines to the government. Subsequently, there was increased cooperation between corporate and government leaders in modernizing the economy. Government-chaebol cooperation was essential to the subsequent economic growth and astounding successes that began in the early 1960s. Driven by the urgent need to turn the economy away from consumer goods and light industries toward heavy, chemical, and import-substitution industries, political leaders and government planners relied on the ideas and cooperation of the chaebol leaders. The government provided the blueprints for industrial expansion; the chaebol realized the plans. However, the chaebol-led industrialization accelerated the monopolistic and oligopolistic concentration of capital and economically profitable activities in the hands of a limited number of conglomerates. Park used the chaebol as a means towards economic growth. Exports were encouraged, reversing Rhee's policy of reliance on imports. Performance quotas were established. The chaebol were able to grow because of two factors—foreign loans and special favors. Access to foreign technology also was critical to the growth of the chaebol through the 1980s. Under the guise of "guided capitalism," the government selected companies to undertake projects and channeled funds from foreign loans. The government guaranteed repayment should a company be unable to repay its foreign creditors. Additional loans were made available from domestic banks. In the late 1980s, the chaebol dominated the industrial sector and were especially prevalent in manufacturing, trading, and heavy industries. The tremendous growth that the chaebol experienced, beginning in the early 1960s, was closely tied to the expansion of South Korean exports. Growth resulted from the production of a diversity of goods rather than just one or two products. Innovation and the willingness to develop new product lines were critical. In the 1950s and early 1960s, chaebol concentrated on wigs and textiles; by the mid-1970s and 1980s, heavy, defense, and chemical industries had become predominant. While these activities were important in the early 1990s, real growth was occurring in the electronics and high-technology industries. The chaebol also were responsible for turning the trade deficit in 1985 to a trade surplus in 1986. The current account balance, however, fell from more than US$14 billion in 1988 to US$5 billion in 1989. The chaebol continued their explosive growth in export markets in the 1980s. By the late 1980s, the chaebol had become financially independent and secure—thereby eliminating the need for further government-sponsored credit and assistance. By the 1990s, South Korea was one of the largest NICs, and boasted a standard of living comparable to industrialized countries. President Kim Young-sam began to challenge the chaebol, but it was not until the Asian financial crisis in 1997 that the weaknesses of the system were widely understood. Of the 30 largest chaebol, 11 collapsed between July 1997 and June 1999. Initially, the crisis was caused by sharp drop in the value of the currency, and aside from immediate cash flow concerns for paying foreign debts, this lower cost ultimately helped the stronger chaebol expand their brands to western markets, but with the simultaneous decline of nearby export markets in Southeast Asia which had been fueling growth, the large debts incurred for what was now overcapacity proved fatal to many of the chaebol. The remaining chaebol also became far more specialized in their focus. For example, with a population only ranked at #26 in the world, before the crisis, the country had seven major automobile manufacturers, and after only two major manufacturers remained intact, though two additional continued, in a smaller capacity, under General Motors and Renault. The chaebol debts were not only to state industrial banks, but to independent banks and their own financial services subsidiaries. The scale of the loan defaults meant that banks could neither foreclose nor write off bad loans without themselves collapsing, so the failure to service these debts quickly caused a systemic banking crises, and South Korea was forced to turn to the IMF for assistance. The most spectacular example came in mid-1999 with the collapse of the Daewoo Group, which had some US$80 billion in unpaid debt. At the time, it was the largest corporate bankruptcy in history. Investigations also exposed widespread corruption in the chaebol, particularly fraudulent accounting and bribery. Despite this, South Korea recovered quickly from the crisis, and most of blame for the economic problems was shifted to the IMF. The remaining chaebol have grown substantially since the crisis, but they have maintained far lower debt levels. As of 2014, the largest chaebol, Samsung, comprised about 17% of the South Korean economy, and held roughly US$17 billion in cash. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「chaebol」の詳細全文を読む スポンサード リンク
|