Definition of chaebol in English:

chaebol

Line breaks: chae|bol
Pronunciation: /ˈtʃeɪbɒl
 
/

noun (plural same or chaebols)

  • (In South Korea) a large family-owned business conglomerate.
    More 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'.

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Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively

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