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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).]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.


(Commerce) a large, usually family-owned, business group in South Korea
[C20: from Korean, literally: money clan]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
According to local corporate tracker on Sunday, the nation's 10 biggest business groups by assets had combined cash reserves of around 248 trillion won ($218 billion) last year, up 12.2 per cent from 2017, based on the consolidated financial statements of their 95 affiliates.
There are seven celebrities in South Korea with stocks worth at least 10 billion won ($9 million) as of November this year, data from corporate tracker showed.
According to business information provider Monday, owner families of the country's top 25 companies and their friendly forces held on average 43.23 percent stake.
"The pay cut is not that much, but symbolizes the severity of the difficulties Hyundai Motor Group is undergoing," said Chung Sun-sup, chief executive of corporate research firm
"This will freeze the group's investment decisions for the foreseeable future," said Chung Sun-sup, CEO of research firm
head of South Korean research firm, as saying.
Chung Sun-sup, chief executive of corporate monitoring company, said Samsung appeared to be growing more proactive in dealing with allegations of impropriety in response to growing scrutiny of corporate practices in South Korea.
Large PCB makers are subsidiaries of conglomerates (chaebul in Korean), and therefore detailed information regarding their PCB activities are not spelled out.
The economic crisis since 1997 urged reform of the economy with several programs--the financial systems, the Chaebul's governance, labor market and the public sector.
According to, a business information provider, only 10 percent of the top 138 listed firms here have adopted the system.
'To a certain extent, this case started by the public's desire wanting to see the end in collusion between the government and big businesses,' said Chung Sun-sup, head of corporate analysis firm
"Chairman Lee has made a significant mark not just for Samsung but also for the Korean economy as a whole, by helping it globalise when the country embraced the new high-technology era," said Chung Sun Sup, chief executive officer of corporate researcher