Pronunciation: /tʃeɪbɒl/
noun a large South Korean conglomerate made up of various businesses and subsidiaries
A1 A chaebol is a large South Korean conglomerate.
A2 Many chaebols have diversified business interests.
B1 The government has implemented policies to regulate chaebols.
B2 Chaebols play a significant role in the South Korean economy.
C1 The chaebol system has been criticized for its influence on the economy.
C2 Chaebols like Samsung and Hyundai are well-known globally.
formal The chaebol is a prominent feature of South Korea's economy, with major conglomerates dominating various industries.
informal My uncle works for a chaebol, so he has a stable job with good benefits.
slang I heard that chaebol heir is a real playboy, always partying and causing trouble.
figurative In the corporate world, some people view the CEO as a chaebol, wielding immense power and influence.
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