Noun
chaebol (plural chaebols)
(business, sometimes derogatory) A large, family-controlled Korean business conglomerate.
It may well be aligned with the Moon administration’s effort to use the shareholders’ rights issue to tame and rein in conglomerates, including family-controlled chaebol like Korean Air. Source: Internet
The notion of chaebol being major contributors to Korea’s economic miracle has paradoxically embedded the concept that regardless of the percentage of shares, Chaebol families are the owners of the companies. Source: Internet
Moon also pledged to root out dubious connections between chaebol and politics. Source: Internet