from The American Heritage® Dictionary of the English Language, 5th Edition.
noun A conglomerate of businesses, usually owned by a single family, especially in Korea.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
noun business, sometimes pejorative A large, family-controlled South Korean business conglomerate.
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
[Korean chaebeol (formed on the model of Japanese zaibatsu, zaibatsu, by using the Korean pronunciation of the two Chinese characters with which the Japanese word is written) : chae, wealth (from Early Middle Chinese, dzəj; see zaibatsu) + beol, powerful family (from Early Middle Chinese buat; see zaibatsu).]
from Wiktionary, Creative Commons Attribution/Share-Alike License
Late 20th century, from Korean 재벌 ("財閥, jaebeol")
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Examples
Much of South Korea's wealth is concentrated in just a few dozen large conglomerates, known as chaebol, such as the Samsung group.
The Japanese call it keiretsu; the Koreans say chaebol; the Russian word is semibankirshchina; and the Americans label the cozy arrangement among industrialists, bankers and government officials crony capitalism.
The Japanese call it keiretsu; the Koreans say chaebol; the Russian word is semibankirshchina; and the Americans label the cozy arrangement among industrialists, bankers and government officials crony capitalism.
The Japanese call it keiretsu; the Koreans say chaebol; the Russian word is semibankirshchina; and the Americans label the cozy arrangement among industrialists, bankers and government officials crony capitalism.
The Japanese call it keiretsu; the Koreans say chaebol; the Russian word is semibankirshchina; and the Americans label the cozy arrangement among industrialists, bankers and government officials crony capitalism.
Mr. Ahn's latest move comes as family-owned conglomerates known as chaebol have become a key election issue because of their concentrated wealth and influence.
Many of South Korea's largest companies, including Samsung Electronics Co. and Hyundai Motor Co., are or were part of family owned conglomerates known as "chaebol."
SK Telecom's interest in Hynix shows how South Korean business conglomerates, known as chaebol, are making investments that aren't in the best interests of shareholders, Cochran said.
SK Telecom's interest in Hynix shows how South Korean business conglomerates, known as chaebol, are making investments that aren't in the best interests of shareholders, Cochran said.
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