Origin of chaebolKorean chaebeol (formed on the model of Japanese zaibatsu, zaibatsu, by using the Korean pronunciation of the two Chinese characters with which the Japanese word is written) : chae, wealth (from Early Middle Chinese, dz&schwa;j; see zaibatsu) + beol, powerful family (from Early Middle Chinese buat; see zaibatsu).
Late 20th century, from Korean ìž¬ë²Œ (jae-beol, “è²¡é–¥, jaebeol")
chaebol - Investment & Finance Definition
A South Korean conglomerate. South Korean banks sometimes work on a buddy system, making unsound loans to companies just because they are associated with the same chaebol. A chaebol often is controlled by one family or a small group of families.