0 one of the several large, powerful groups of companies in South Korea that are involved in various different types of business: --
The chaebol also were responsible for turning the trade deficit in 1985 to a trade surplus in 1986.
However, large "chaebols" pose potential difficulties as illicit business behaviour is still common among them.
Access to foreign technology also was critical to the growth of the chaebol through the 1980s.
The chaebol were able to grow because of two factorsforeign loans and special favors.
In 1990, government regulations made it difficult for a chaebol to develop an exclusive banking relationship.
Many political affiliations are created within the chaebol.
Government industrial policy set the direction of new investment, and the chaebol were to be guaranteed loans from the banking sector.
The chaebol were heavily invested in export-oriented manufacturing, neglecting the domestic market, and exposing the economy to any downturns in overseas markets.
