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n. pl. chaebol
A conglomerate of businesses, usually owned by a single family, especially in Korea.

[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).]


(Commerce) a large, usually family-owned, business group in South Korea
[C20: from Korean, literally: money clan]
References in periodicals archive ?
Foreign investors face no restriction for investment and Chinese and South Korean companies have shown interest to partner in our refinery projects," Moazzami said, addressing a meeting held to study proposals of 54 private sector investors for partnership in the construction of 8 refineries.
South Korean companies were selected for the first time to supply network equipment to the International Telecommunications Union (ITU) meeting, science ministry and event organizers said, beating big-name rivals.
TOKYO, Feb 17 (KUNA) -- The three oil fields in the United Arab Emirates (UAE) that South Korean companies are entitled to develop are estimated to hold more than 500 million barrels of oil, the South Korean commerce minister said Friday, according to Yonhap News Agency.
Al-Maliki held on Monday (July 19) a meeting with a delegation of South Korean companies, Ambassador Su B.
Choi Yo Sik, one of 16 officials from eight South Korean companies who were summoned to the resort last week by North Korean authorities, said upon his return to the South on Thursday that the warning was conveyed to them earlier in the day, the report said.
1 Kyodo Japan is likely to agree with South Korea to provide additional loans from the Export-Import Bank of Japan to help South Korean companies cope with foreign currency shortages and import materials and parts from abroad, government officials said Thursday.
Since 2008, the bank has operated an office in the Russian capital, but its business had largely been focused on South Korean companies and clients.
Speaking at a meeting with Head of South Korean International Contractors Association of Korea (ICAK) Choi Jae duck in Tehran on Tuesday, Executive Director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian invited South Korean companies to take part in iron ore concentrates and pelletizing projects.
More than 500 hundred South Korean companies were doing consignment trade
The minister stressed that his ministry will employ all methods that support South Korean companies working in Iraq," the Iraqi Industry Ministry said in a statement on Tuesday as received by Aswat al-Iraq news agency.
According to SzijjEirtE, South Korean companies would soon launch health and car manufacturing schemes in Hungary, but refused to name the investors until the projects were officially announced.
Bayat noted that the Turkish and South Korean companies have signed joint cooperation pacts with Iran's private sector for the development of the Islamic Republic's petrochemical complementary industries.
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