chaebol

noun
chae·​bol | \ ˈchā-ˌbōl, ˈje-ˌbəl\
plural chaebol also chaebols

Definition of chaebol

: a family-controlled industrial conglomerate in South Korea

Examples of chaebol in a Sentence

Recent Examples on the Web

Vice chairman of Samsung Electronics and the apparent heir to the entire chaebol, Jay Y. Lee, was released from prison in February after winning an appeal following his conviction of perjury, embezzlement, and bribery. Dan Seifert, The Verge, "The Verge 2018 tech report card: Samsung," 26 Dec. 2018 Moon Jae-in, the country’s leader since May 2017, has vowed to loosen the cozy relationship between South Korea’s business empires—known as chaebols—and government. Eun-young Jeong, WSJ, "Former South Korean President Sentenced to 15 Years in Jail," 5 Oct. 2018 Mr Kim’s downfall is the latest setback for President Moon Jae-in’s ambitious chaebol reforms. The Economist, "Politicians’ battle against Korean conglomerates hits a snag," 26 Apr. 2018 South Korea often brims with schadenfreude when a chaebol scion is publicly humiliated. Choe Sang-hun, New York Times, "Sister of Korean ‘Nut Rage’ Heiress Accused of Throwing Her Own Tantrum," 13 Apr. 2018 Allegations of inappropriate behaviour against senior prosecutors, chaebol owners and board members there have since come to light as more women are feeling empowered. The Economist, "The best—and worst—places to be a working woman," 15 Feb. 2018 The South Korean government has for decades made faster internet speeds a priority, and the country's chaebols (South Korean equivalents of conglomerates) have followed suit. David Grossman, Popular Mechanics, "South Korea's Already Great Internet Gets Even Greater," 10 May 2018 Corporate-governance experts have criticized the structure for giving too much power to Hyundai’s chaebol owners. Julie Steinberg, WSJ, "Elliott Management Reveals Over $1 Billion Stake in Hyundai, Seeks Clearer Road Map," 4 Apr. 2018 Read more here about South Korea’s effort to reform chaebol. Sohee Kim, Bloomberg.com, "Korean Tycoon Jailed in Bribery Case That Toppled a President," 13 Feb. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'chaebol.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of chaebol

1972, in the meaning defined above

History and Etymology for chaebol

Korean chaebŏl, from chae wealth, property + pŏl faction, clan

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Dictionary Entries near chaebol

chador

Chadron

Chadwick

chaebol

Chaenactis

Chaenomeles

Chaeronea

Statistics for chaebol

Last Updated

30 Dec 2018

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Time Traveler for chaebol

The first known use of chaebol was in 1972

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