chaebol

[je-buh l]
noun, plural chae·bol, chae·bols.
  1. a South Korean conglomerate, usually owned by a single family, based on authoritarian management and centralized decision making.
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British Dictionary definitions for chaebol

chaebol

noun
  1. 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