CHAEBOL STRUCTURE
Business conglomerate structure creating global multinationals with large international operations. The Korean term chaebol means business family or monopoly. Originated in the 1960s, this structure can involve a single huge firm or several groups of companies. It is either controlled, managed, or owned by the same family dynasty, normally the group’s founder. Some of the largest and most prominent chaebol are Hyundai, LG Group, and Samsung.
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European Depository Receipt - EDR
Negotiable security (receipt) issued by a bank, representing securities that trade on exchanges outside the bank’s home country. These are tr ...
Import
Product or service shipped into a country or region from another. Exports and imports create the strength of foreign trade. If the value of imports ...
Running With The Land
Rights and covenants in a real estate deed that remain with the land, regardless of ownership. When rights and covenants run with the land, they ar ...
Income Effect
In economic theory, it refers to a change in the demand of a product or service caused by the consumers’ discretionary income. The connection ...
Capital Improvement
The attachment of a fixed structural improvement or the recovery of some feature of a property that will either boost the property's overall wo ...
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