Chaebol is a family-controlled business conglomerate in South Korea that simultaneously runs numerous enterprises in diverse industries. The principal ingenuity of chaebol has consisted in its internal structure of control over complexly interconnected firms under which a head and his/her family rule dozens of firms operating in different industries without holding legally sufficient shares or having comparable financial leverages. To the extent that their industrial undertakings have been instrumental to state-led economic development, the chaebol system (of exaggerated control over not clearly owned firms) seems to have accelerated South Korea's compressed march to economic modernity. However, to the extent that the managerial decisions and practices of chaebol-affiliated firms have sometimes been irrationally and/or illegitimately dictated for the sake of the heads' exclusive interests, the same system seems to have engendered a distorted and unjust economic order by which the economic rights and potentials of other economic actors are systematically sacrificed.