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chaebol

Syllabification: chae·bol
Pronunciation: /ˈkīˌbäl, -ˌbôl
 
/

Definition of chaebol in English:

noun (plural same or chaebols)

(In South Korea) a large business conglomerate, typically a family-owned one.
Example sentences
  • Agnew noted that significant corporate reform was taking place in Seoul, despite claims that taking on the much-vaunted chaebol, or conglomerates, would be impossible.
  • Nokia was originally the Finnish equivalent of a Korean chaebol, a conglomerate that manufactured all sorts of things, from paper to rubber to chemicals to TV sets.
  • Roh will also challenge the chaebol, the Korean conglomerates that have dominated Korean economic life and dictated much of its politics as well.

Origin

1980s: Korean, literally 'money clan'.

Definition of chaebol in:

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