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Related to chaebol: keiretsu


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 ?
The drama, brought in typical elements of the Koreanovela _ a chaebol family, and a love story between a poor girl and a rich man, but it was praised as an atypical family drama.
At that time, South Korea-based chaebol LS Group and KKR have announced a deal under which KKR would become joint partners with LS in LS Automotive, an electrical auto parts maker for the global automotive industry, and acquire LS Group affiliate LS Mtron's copper foil and flexible copper clad laminate business.
Park's trial began in May and a verdict is expected before April in a case that brought scrutiny to the cosy ties between South Korea's political leaders and its largest chaebol, the so-called "Republic of Samsung".
The chaebol have dominated the country's economy for decades.
It's a common story in South Korea, which rose to become a global industrial powerhouse dominated by family-run entities known as chaebol.
Based on the Japanese novel 'Norwegian Wood' by Haruki Murakami, 'Burning' centers on the mystery surrounding chaebol Ben, delivery man Jong-su and young lady Hae-mi.
Lee Jae-yong was spared the 12-year term demanded by prosecutors, where his sentence is said to be the longest given to any South Korean chaebol leader.
Si les juges suivent les requisitions du parquet, il s'agirait d'une des sentences les plus severes jamais infligee a un patron de chaebol, ces vastes conglomerats qui dominent l'economie sud-coreenne
The latter would limit Korea's "imperial presidency" by, for example, stopping pardons being granted to convicted Chaebol bosses -- a practice that provides a "put option" to bad business leaders.
As wealth continues to be concentrated in the hands of a few family-run business giants known as chaebol, public demand for change remains high.
South Korea is a good example: a small number of gigantic family-owned business conglomerates, called chaebol, account for a major portion of the economy's production (Heo and Roehrig 2010; Heo and Tan 2003).
In the past, some chaebol leaders have been charged for corporate crimes such as embezzlement or breach of trust.