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chaebol

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noun chae·bol \ˈchā-ˌbōl, ˈje-ˌbəl\

Definition of chaebol

plural

chaebol

also

chaebols

: a family-controlled industrial conglomerate in South Korea

Origin and Etymology of chaebol

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

First Known Use: 1984

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