In this paper I will take a look at two economically leading countries in Asia Pacific - Japan and South Korea and evaluate more in detail their conglomerates that have been said to be the greatest contributors to their success - keiretsu and chaebol. In their development state as well as historic...

Introduction – background Back in 1990, Malaysia's Prime Minister, Dr. Mahathir Mohammad, proposed the formation of the East Asian Economic Group (EAEG), members to include the 10 ASEAN countries, China, Japan and Korea. The aim was to bring East Asia together thus creating a greater...