Definition, Meaning & Synonyms
chaebol
Noun
ˈtʃeɪbɒl
Definition
A large industrial conglomerate in South Korea, typically owned and controlled by a single family.
Examples
Samsung is one of the most well-known chaebols in South Korea.
During the economic boom of the 1970s, many chaebols expanded rapidly, increasing their influence.
Investors often look to chaebols for opportunities in the South Korean stock market.
Meaning
Chaebols play a significant role in South Korea’s economy, often involved in various sectors like manufacturing, construction, and electronics.
Synonyms
- Conglomerate
- Business group
- Corporate group
