The South Korean government has recently abandoned the "chaebol" industry structure in favor of the "keiretsu" structure.

Question

Quizplus · Accepted Answer

The South Korean government has not abandoned the "chaebol" structure for the "keiretsu" structure. The "chaebol" system, which refers to large, family-owned conglomerates in South Korea, remains a significant part of the country's economy. The "keiretsu" system, on the other hand, is a Japanese economic model that consists of interlinked businesses with cross-holdings in one another's shares.

The South Korean Government Has Recently Abandoned the "Chaebol" Industry