chaebol

[ je-buh l ]
/ ˈdʒɛ bəl /

noun, plural chae·bol, chae·bols.

a South Korean conglomerate, usually owned by a single family, based on authoritarian management and centralized decision making.

British Dictionary definitions for chaebol

chaebol
/ (ˈtʃeɪbɒl) /

noun

a large, usually family-owned, business group in South Korea

Word Origin for chaebol

C20: from Korean, literally: money clan