chaebol

noun

chae·​bol ˈchā-ˌbōl How to pronounce chaebol (audio)
ˈje-ˌbəl
plural chaebol also chaebols
: a family-controlled industrial conglomerate in South Korea

Examples of chaebol in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The turmoil around that period, when the won collapsed and thousands of small businesses went under, highlighted for many the cozy relationships between family-run chaebol and politicians. Eleanor Pringle, Fortune Asia, 22 July 2024 These chaebols dominate South Korea’s economy, often at the expense of smaller businesses. Victoria Song, The Verge, 23 July 2024 Critics often accuse chaebols and keiretsu of stifling competition. Will Daniel, Fortune Asia, 30 June 2024 In Korea, chaebols are family-run conglomerates like Samsung, Hyundai, SK Group, and LG. Victoria Song, The Verge, 23 July 2024 See all Example Sentences for chaebol 

Word History

Etymology

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

First Known Use

1972, in the meaning defined above

Time Traveler
The first known use of chaebol was in 1972

Dictionary Entries Near chaebol

Cite this Entry

“Chaebol.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/chaebol. Accessed 21 Nov. 2024.

Last Updated: - Updated example sentences
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