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chaebol

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chae·bol  (jbl)
n. pl. chaebol
A conglomerate of businesses, usually owned by a single family, especially in Korea.
[Korean chaebl : chae, wealth (from Middle Chinese tshaj) + bl, powerful family (from Middle Chinese buat).]
chaebol [ˈtʃeɪbɒl]
n
(Business / Commerce) a large, usually family-owned, business group in South Korea
[from Korean, literally: money clan]
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But in Korea it's seen as the chaebol that pulled off the biggest foreign takeover ever.
KOREA'S BIGGEST FOREIGN DEAL EVER BITES BACK by Moon Ihlwan and Jena McGregor / BusinessWeek
Under a law to be submitted to parliament next month, the conglomerates -- known as chaebol -- and the other firms will be allowed to own stakes of up to 10 percent in local banks, the Financial Services Commission (FSC) said.
SKorea eases rules on investment in banks amid crisis by AFP / AFP Asian Edition
South Korea has a record of leniency towards bosses of chaebol -- giant family-run conglomerates -- and other prominent white-collar criminals.
Daewoo founder back in court months after pardon by AFP / AFP Global Edition
 
 
 
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