Definitions for chaebol
chae·bol

WiktionaryRate this definition:0.0 / 0 votes

1. chaebolnoun

   A large, family-controlled South Korean business conglomerate.

2. Etymology: Late 20th century, from 재벌

WikipediaRate this definition:0.0 / 0 votes

1. Chaebol

   A chaebol (; Korean: 재벌; lit. "rich family" or "financial clique"; Korean pronunciation: [tɕɛ̝.bʌl]) is a 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 whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareholders at the expense of ordinary investors.

WikidataRate this definition:0.0 / 0 votes

1. Chaebol

   Chaebol refers to a South Korean form of business conglomerate. They are typically global multinationals owning numerous international enterprises, controlled by a chairman who has power over all the operations. The term is often used in a context similar to that of the English word "conglomerate". The term was first used in 1984. There are several dozen large Korean family-controlled corporate groups which fall under this definition. The chaebol has also played a significant role in South Korean politics. In 1988 a member of a chaebol family, Chung Mong-jun, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders also were chosen to be members of the National Assembly through proportional representation. Since 2000, Hyundai has played a role in the thawing of North Korean and South Korean relations.

How to pronounce chaebol?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say chaebol in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of chaebol in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of chaebol in Pythagorean Numerology is: 1

Examples of chaebol in a Sentence

1. Kwon Young-joon:

   There is a spread of the democratic idea in social media that chaebol can no longer be allowed to conduct themselves in ways that make them special in the face of law.

2. Jack Kim:

   There have been calls to put in place a systematic tool to police heavy-handedness by chaebol family members, and stop them from being able to participate in management just because they are relatives.

3. Kyung Hee University:

   The courts then took the position that now that we have economic democracy, there won't be any more exception made for chaebol power, and began ruling relatively severely on cases involving chaebol owners compared to past cases.

4. Cho Myung-hyun:

   Lotte World Mall is seeing difficulties as sensitivity about safety has been heightened, and the negative perception appears partially amplified by existing anti-chaebol sentiment.

5. Jack Kim:

   It meant for chaebol cases like this, the ruling would be three year jail sentence suspended for five years: that was the unwritten code, this case is important in that the code has been broken.

Popularity rank by frequency of use

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Chaebol
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Chaebol
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=chaebol