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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

A conglomerate of businesses, usually owned by a single family, especially in Korea.

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Usage examples (35)
  • Under a law to be submitted to parliament next month, the conglomerates -- known as chaebol
  • In South Korea, Hanjin is known as a chaebol, a family-owned conglomerate that is pivotal to the country's economy.
  • Much of South Korea's wealth is concentrated in just a few dozen large conglomerates, known as chaebol, such as the Samsung group.
  • Likewise in South Korea, where family controlled conglomerates, known as chaebol, have long been the drivers of the country's economy.
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