Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

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

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A large, family-controlled South Korean business conglomerate.

Etymologies

Korean chaebŏl : chae, wealth (from Middle Chinese tshaj) + bŏl, powerful family (from Middle Chinese buat).
(American Heritage® Dictionary of the English Language, Fourth Edition)
Late 20th century, from Korean 재벌 ("財閥, jaebeol") (Wiktionary)

Examples

  • Much of South Korea's wealth is concentrated in just a few dozen large conglomerates, known as chaebol, such as the Samsung group.

    Samsung's Image May Face New Bruise

  • The Japanese call it keiretsu; the Koreans say chaebol; the Russian word is semibankirshchina; and the Americans label the cozy arrangement among industrialists, bankers and government officials crony capitalism.

    No Uncertain Terms

  • Because of their concentrated wealth and influence, family-owned conglomerates known as chaebol have become a key election issue.

    NYT > Home Page

  • Mr. Ahn's latest move comes as family-owned conglomerates known as chaebol have become a key election issue because of their concentrated wealth and influence.

    NYT > Home Page

  • Many of South Korea's largest companies, including Samsung Electronics Co. and Hyundai Motor Co., are or were part of family owned conglomerates known as "chaebol."

    BusinessWeek.com -- Top News

  • SK Telecom's interest in Hynix shows how South Korean business conglomerates, known as chaebol, are making investments that aren't in the best interests of shareholders, Cochran said.

    BusinessWeek.com -- Top News

  • SK and STX's interest in Hynix renewed concerns South Korean business groups known as the chaebol were reviving practices of over-expansion that led to the financial crisis in the late 90s, Shaun Cochran, head of Korea research at CLSA, said in July.

    BusinessWeek.com -- Top News

  • Likewise in South Korea, where family controlled conglomerates, known as chaebol, have long been the drivers of the country's economy.

    Yahoo! News: Business - Opinion

  • SK Telecom's interest in Hynix shows how South Korean business conglomerates known as chaebol are making investments that aren't in the best interests of shareholders, Cochran said.

    BusinessWeek.com -- Top News

  • SK Telecom's interest in Hynix renewed concerns South Korean business groups known as chaebol were reviving practices of over-expansion that led to the financial crisis in the late 1990s, Shaun Cochran, head of Korea research at CLSA, said in July.

    BusinessWeek.com -- Top News

Wordnik is becoming a not-for-profit! Read our announcement here.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.