Chaebol
noun
A large South Korean business conglomerate typically controlled by a single family.
Samsung is one of the largest chaebols in South Korea.
Often appears as...
- Korean chaebol
- family-run chaebols
Usage tips
Neutral
business group, family ownership, economic power
noun
A large South Korean business conglomerate typically controlled by a single family.
Samsung is one of the largest chaebols in South Korea.
Often appears as...
- Korean chaebol
- family-run chaebols
Usage tips
Neutral
business group, family ownership, economic power
Definition 1 of 1
Pro Tip 1/3Cultural Context
In South Korea, chaebols like Hyundai and LG symbolize both innovation and controversy.
South Korean chaebols often face scrutiny for their influence on politics and economy.
Pro Tip 2/3Business Significance
Understanding chaebols is crucial for grasping South Korea's economic landscape.
Chaebols play a significant role in the global market.
Pro Tip 3/3Avoiding Confusion
Do not confuse 'chaebol' with 'corporation' which may imply a different structure.
While all chaebols are corporations, not all corporations are chaebols.
Pro Tip 1/3Cultural Context
In South Korea, chaebols like Hyundai and LG symbolize both innovation and controversy.
South Korean chaebols often face scrutiny for their influence on politics and economy.
Pro Tip 2/3Business Significance
Understanding chaebols is crucial for grasping South Korea's economic landscape.
Chaebols play a significant role in the global market.
Pro Tip 3/3Avoiding Confusion
Do not confuse 'chaebol' with 'corporation' which may imply a different structure.
While all chaebols are corporations, not all corporations are chaebols.
Pro Tip 1/3Cultural Context
In South Korea, chaebols like Hyundai and LG symbolize both innovation and controversy.
South Korean chaebols often face scrutiny for their influence on politics and economy.
Pro Tip 2/3Business Significance
Understanding chaebols is crucial for grasping South Korea's economic landscape.
Chaebols play a significant role in the global market.
Pro Tip 3/3Avoiding Confusion
Do not confuse 'chaebol' with 'corporation' which may imply a different structure.
While all chaebols are corporations, not all corporations are chaebols.
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