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South Korean conglomerates, or 'chaebol,' such as Hyundai and Samsung, play a far more important role in the Korean economy than do comparable large firms in the US and Japanese economies. Despite the importance of the chaebol to the rapid postwar development of the Korean economy, little has been written about their origins during the Japanese occupation. Through case studies of local ownership in major financial, commercial, and industrial ventures, this book provides a detailed picture of indigenous capitalism during Japanese colonization. Drawing on Japanese government sources, Korean biographies and diaries, interviews and US intelligence material, the author gives a compelling account of key personalities in the Korean business elite and of the personal dilemmas of balancing nationalism against success under dependent, colonial conditions. The author concludes that dependent rather than comprador capitalism characterized leading Korean businesses through 1945. Patterns of concentration within family enterprises, close ties with the colonial state, and mutual support among a Korean inner circle of business leaders constitute a legacy of the colonial period important to the subsequent development of Korean conglomerates.

History of Asia --- anno 1900-1999 --- South Korea --- Corporations --- -K9400.70 --- K9410 --- K9170 --- Business corporations --- C corporations --- Corporations, Business --- Corporations, Public --- Limited companies --- Publicly held corporations --- Publicly traded corporations --- Public limited companies --- Stock corporations --- Subchapter C corporations --- Business enterprises --- Corporate power --- Disincorporation --- Stocks --- Trusts, Industrial --- History --- -Korea: Economy and industry -- history -- Japanese annexation period (1905-1945) --- Korea: Economy and industry -- organization and systems --- Korea: History -- Japanese annexation period (1905-1945) --- Korea --- Economic conditions --- -History --- -Corporations --- -History of Asia --- K9400.70 --- Korea: Economy and industry -- history -- Japanese annexation period (1905-1945) --- Japan --- Korea [South ] --- 20th century --- 1910-1945 --- Japanese occupation, 1910-1945 --- Corporations - Korea (South) - History - 20th century. --- Korea - Economic conditions - 1910-1945. --- Korea - History - Japanese occupation, 1910-1945. --- Social Sciences --- Political Science

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According to conventional interpretations, the Japanese annexation of Korea in 1910 destroyed a budding native capitalist economy on the peninsula and blocked the development of a Korean capitalist class until 1945. In this expansive and provocative study, now available in paperback, Carter J. Eckert challenges the standard view and argues that Japanese imperialism, while politically oppressive, was also the catalyst and cradle of modern Korean industrial development. Ancient ties to China were replaced by new ones to Japan - ties that have continued to shape the South Korean political economy down to the present day.Eckert explores a wide range of themes, including the roots of capitalist development in Korea, the origins of the modern business elite, the nature of Japanese colonial policy and the Japanese colonial state, the relationship between the colonial government and the Korean economic elite, and the nature of Korean collaboration. He conveys a clear sense of the human complexity, archival richness, and intellectual challenge of the historical period. His documentation is thorough; his arguments are compelling and often strikingly innovative.

Businesspeople --- Capitalism --- Industrial policy --- K9400.60 --- K9400.70 --- K9409 --- K9461.11 --- Business --- Industries --- Industry and state --- Economic policy --- Market economy --- Economics --- Profit --- Capital --- Business people --- Business persons --- Businesspersons --- Entrepreneurs --- Professional employees --- History --- Korea: Economy and industry -- history -- modern period (1860s-[1945]), 20th century general --- Korea: Economy and industry -- history -- Japanese annexation period (1905-1945) --- Korea: Economy and industry -- theory, methodology and philosophy --- Korea: International trade and economic relations (South) Korea -- Asia -- Japan --- Government policy --- Kim family. --- Korea --- Dependency on Japan --- History. --- Businessmen --- Business & Economics --- Economic History --- Business men