A type of conglomerate peculiar to South Korea. A chaebol is similar to a Japanese keiretsu, but it is usually family-owned and has less close ties to its suppliers and distributors.

South Korean manufacturing and trading conglomerate.

One of the giant business conglomerates in South Korea that tie together an extensive set of industrial and financial enterprises in a single firm.

Chaebol is a South Korean form of business conglomerates. The English word is a transliteration of the Korean word 재벌, which is now romanized as Jaebeol. The Korean word means business group, trust (as in Standard Oil Trust), and is often used the way "Big Business" is used in English.