Chaebol

usgb/ˈtʃeɪboʊl/
noun

A large South Korean business conglomerate typically controlled by a single family.

Samsung is one of the largest chaebols in South Korea.
Visual representation of "chaebol" - A large South Korean business conglomerate typically controlled by a single family.

Often appears as...

  • Korean chaebol
  • family-run chaebols

Usage tips

Neutral

business group, family ownership, economic power

Definition 1 of 1
Visual representation of "chaebol"
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Cultural Context

In South Korea, chaebols like Hyundai and LG symbolize both innovation and controversy.

Illustration for Cultural Context
South Korean chaebols often face scrutiny for their influence on politics and economy.
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Business Significance

Understanding chaebols is crucial for grasping South Korea's economic landscape.

Illustration for Business Significance
Chaebols play a significant role in the global market.
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Avoiding Confusion

Do not confuse 'chaebol' with 'corporation' which may imply a different structure.

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While all chaebols are corporations, not all corporations are chaebols.
Visual representation of the word "Chaebol"

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