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chaebol

[je-buh l] /ˈdʒɛ bəl/
noun, plural chaebol, chaebols.
1.
a South Korean conglomerate, usually owned by a single family, based on authoritarian management and centralized decision making.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for chaebol
  • They investigate the interaction of chaebol reform with corporate governance.
  • They evaluate the whole chaebol restructuring process and also suggest desirable restructuring strategies.
  • Instead, they should be pleased that the authorities are now probing the chaebol's financial dealings.
  • The chaebol system has proved prone to fraud, dodgy accounting and illegal political contributions.
  • The chaebol know where their future lies and their trajectory.
British Dictionary definitions for chaebol

chaebol

/ˈtʃeɪbɒl/
noun
1.
a large, usually family-owned, business group in South Korea
Word Origin
C20: from Korean, literally: money clan
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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