chaebol

chaebol definition - finance
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.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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