Institutionalization of Lobbying Activities in the Republic of Korea

The article examines the historical and legal aspects of the development and institutionalization of lobbying activities in South Korea; the influence and role of financial and industrial groups (chaebols) on the modern political process of the country. The prototype of the large conglomerate of the country - Chaebol, is borrowing the Japanese management model (keiretsu). The well-established Japanese “keiretsu” still has distinctive features on the South Korean example that affect hierarchical relationships, which is not important in the chaebol management model. In modern practice, the high role of chaebols in influencing political decision-making is noted, which is reflected in major South Korean scandals related to corruption among high-ranking officials.