Those are referred to as Chaebols in Korea, in Japan they're called Keiretsu (pre WWI these were Zaibatsu). I think the family ownership involved in the Chaebol

Those are referred to as Chaebols in Korea, in Japan they're called Keiretsu (pre WWI these were Zaibatsu). I think the family ownership involved in the Chaebols somewhat helps them remain innovative. You have a centralized force that can guide the ship during particularly important junctures in history.