Corporate governance and corporate social responsibility in chaebols: tracing the evolution under government influence

This chapter examines the corporate social responsibility (CSR) practices of South Korea's Chaebols—large family-owned conglomerates that have played a central role in the nation’s economic development. Since the 1960s, Chaebols such as Samsung, Hyundai, LG, and SK Group have dominated the economy, benefiting from government incentives designed to create globally competitive firms. Despite their contributions to South Korea's industrialization, Chaebols have faced increasing public criticism over allegations of corruption and the privileges enjoyed by their founding families. This chapter provides a historical overview of how Chaebols have integrated CSR initiatives over time, with particular emphasis on the role of government support in promoting socially responsible behavior. By reviewing existing literature, the analysis explores the evolving relationship between Chaebols, CSR, and government incentives, contributing to broader discussions on the intersection of business, governance, and social responsibility within South Korea’s distinctive economic framework.