l] 
| a South Korean conglomerate, usually owned by a single family, based on authoritarian management and centralized decision making. |
chae·bol  (jě'bəl) n. pl. chaebol A conglomerate of businesses, usually owned by a single family, especially in Korea. [Korean chaebŏl : chae, wealth (from Middle Chinese tshaj) + bŏl, powerful family (from Middle Chinese buat).] |