Chaebol meaning

jĕbəl
Frequency:
A conglomerate of businesses, usually owned by a single family, especially in Korea.
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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.
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(business, sometimes pejorative) A large, family-controlled Korean business conglomerate.
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Origin of chaebol

  • Korean 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 dzəj zaibatsu) beol powerful family (from Early Middle Chinese buat zaibatsu)

    From American Heritage Dictionary of the English Language, 5th Edition

  • Late 20th century, from Korean 재벌 (jae-beol, “財閥, jaebeol")

    From Wiktionary