n. pl. chaebol
A conglomerate of businesses, usually owned by a single family, especially in Korea.
[Korean chaebeol (formed on the model of Japanese zaibatsu, zaibatsu, by using the Korean pronunciation of the two Chinese characters with which the Japanese word is written) : chae, wealth (from Early Middle Chinese, dzəj; see ZAIBATSU) + beol, powerful family (from Early Middle Chinese buat; see ZAIBATSU).]
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