noun, plural chae·bol, chae·bols.
a South Korean conglomerate, usually owned by a single family, based on authoritarian management and centralized decision making.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
a large, usually family-owned, business group in South Korea
Word Origin for chaebol
C20: from Korean, literally: money clan
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012