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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 ?
Choi Soon-sil, a confidante of Park, was convicted of receiving bribes from South Korean conglomerates including Samsung, the world's biggest maker of smartphones and semiconductors, and the Lotte Group.
Dong-seon's actions, which caused the public to cast doubt on the children of higher-ups in South Korean conglomerates, are shared by his brother, Dong-won, Seung-yeon's second son.
It seems that the South Korean conglomerates bid for Axiall has driven Westlake Chemical to take high-speed moves and seal the deal.
Abenomics and the yen collapse has hit the competitiveness of South Korean conglomerates (chaebols) in global export markets.
The 30 biggest South Korean conglomerates intend to invest over KRW 51.
The Japanese banks have been lending to South Korean conglomerates, it said.
Indeed, debt-driven expansion was a common strategy for South Korean conglomerates that spearheaded the country's dramatic rise from the ashes of the Korean War.
Reluctance by South Korean conglomerates to embrace reform is hindering the nation's economic recovery, according to a prominent government official.
Benefits from growth have been very unevenly distributed, the major portion going to military and government leaders and a few South Korean conglomerates and U.
The South Korean conglomerates newly launched three-way JV firm with Advanced Petrochemical Company (APC) of Saudi Arabia and Kuwaiti Petrochemical Industries Company (PIC) will operate as SK Advanced.
South Korean conglomerates have been accused of over-expanding during the boom years, sowing the seeds for the country's financial crisis.
As with other South Korean conglomerates, the HYUNDAI Group also exhibits a distinctive cross-shareholding structure where their own group companies mutually hold each other's shares, and hence faces challenges in capital efficiency.
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