Definition

A large group of companies that are controlled by one family, often found in South Korea.

Example

Samsung is one of the most well-known chaebols in South Korea.

Conversation

Have you heard about the latest news on that big chaebol?

Yeah, I read something about their new project. It's impressive!

I wonder how much influence that chaebol has on the economy.

A lot, actually. They really shape the market in South Korea.

Synonyms & Antonyms

Root Explanation

**Chaebol** → The word 'chaebol' originates from Korean '재벌' (jaebeol), meaning a conglomerate or large family-owned business group. It refers specifically to a business structure in South Korea where a family controls a large number of companies.

Memory Tip

Think of the Korean term 'jaebeol' which describes a powerful family business group — this helps you remember that 'chaebol' refers to such conglomerates.

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