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Definition of chaebol
chaebol
alsochaebols
: a family-controlled industrial conglomerate in South Korea
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Recent Examples of chaebol from the Web
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Samsung is the largest of South Korea’s chaebol, with interests in gadgets, appliances, shipbuilding and construction.
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Delivering on campaign promises to reform the chaebol and create jobs for young people will be difficult.
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The appointment is in keeping with President Moon Jae-in’s pledges to reform the chaebol.
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Park was impeached over a massive corruption and influence peddling scandal that implicated a number of chaebol executives.
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And if the economy slows, lawmakers may fear that constraining the chaebol would further endanger growth.
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Not for the first time, a new president has won election promising an overhaul of corporate giants like Samsung and Hyundai—the chaebols.
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Moon also calls for stronger punishment for white-collar crimes committed by chaebol owners and government officials who take bribes from them.
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Previous presidents, such as Kim Dae-jung in the 1990s, tried to break the chaebol system.
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.
Origin and Etymology of chaebol
Korean chaebŏl, from chae wealth, property + pŏl faction, clan
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