chaebol

Definition

Korean term for a conglomerate of many companies clustered around one parent company. The companies usually hold shares in each other and are often run by one family. Similar to the keiretsu in Japan.

Use chaebol in a sentence

The structure was vet up in a very chaebol fashion because there were many companies clustered around one parent company.

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The chaebol was not an obvious monopoly but they did lead the industry and owned hundreds of additional companies as well.

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The highly diversified chaebol, and I think this family really knows their way around in the business world, is going to grow quickly.

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