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chaebol

   Also found in: Wikipedia 0.06 sec.
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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South Korea's biggest and most successful chaebol is now renowned globally for its stylish mobile phones and flat-screen televisions.
An effort to bridge policy and corporate governance, the volume is a valuable contribution to the growing literature on both the chaebol and on government policy following the Asian financial crisis of 1997.
Compounding the difficulty, the Korean government has acted recently in ways reminiscent of the chaebol heyday of the military dictatorships of Park Chung-hee and his successor, Chun Doo-hwan.
 
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