Chaebol
A chaebol (Korean: 재벌; [tɕɛbʌɭ] ) is a type of large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.
Chaebol Hangul 재벌 Hanja 財閥 RRjaebeol MRchaebŏl IPA[tɕɛbʌɭ] A chaebol[a] (Korean: 재벌; [tɕɛbʌɭ] ⓘ) is a type of large industrial South Korean conglomerate run and controlled by an individual or family.[3] A chaebol often consists of multiple diversified affiliates, controlled by a person or group.[4] Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.[3] Although chaebol have often accounted for a majority of South Korea's GDP,[5] their share of employment has been much smaller.[6] Chaebol…
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