A chaebol (UK: / ˈ tʃ eɪ b əl, ˈ tʃ eɪ b ɒ l / CHAY-bəl, CHAY-bol, [1] [2] US: / ˈ tʃ eɪ b oʊ l, ˈ dʒ ɛ b əl / CHAY-bohl, JEB-əl; [3] Korean: 재벌 ⓘ, lit. ' rich family ' or ' financial clique ') is a large industrial South Korean conglomerate run and controlled by an individual or family. [3]

Feb 25, 2025 · The chaebol structure is a business conglomerate system that originated in South Korea in the 1960s creating global multinationals with huge international operations. Chaebol is an English...

Mar 21, 2025 · chaebol, any of the more than two dozen family-controlled conglomerates that dominate South Korea’s economy. While the founding families do not necessarily own majority stakes in the companies, the descendents of the founders often retain control by virtue of long association with the businesses.

May 4, 2018 · A group of massive, mostly family-run business conglomerates, called chaebol, dominates South Korea’s economy and wields extraordinary influence over its politics. These powerful entities played...

4 days ago · The word “chaebol” (재벌) combines the Korean words for “wealth” and “clan,” reflecting their essential nature: family-run industrial empires. Most chaebols were established in the 1950s to 1970s during South Korea’s aggressive push for industrialization under authoritarian leaders like Park Chung-hee.

Chaebol refers to the several dozen large, family-controlled Korean corporate groups, assisted by government financing, which have played a major role in the South Korean economy since the 1960s. Some have become well-known international …

Dec 18, 2023 · Chaebol families have controlled South Korea’s biggest companies for generations. The chaebol system is a legacy of South Korea’s history. After an armistice ended the Korean War in 1953, the...

Nov 10, 2023 · South Korean chaebols are large, family-ran business conglomerates that largely dominate the Korean economy. In 2021, the top ten chaebols, including Samsung (삼성), Lotte (롯데), and LG (엘지), collectively contributed nearly 60% to the nation’s GDP. Even during the pandemic, while smaller business struggled to survive, the chaebols showed resilience.

Sep 26, 2023 · Most of South Korea’s powerful conglomerates are owned by equally affluent and influential family clans known as the “chaebol.” Hyundai, Samsung, LG, SK, and Lotte; even if someone isn’t familiar with Korean culture, they’ve likely encountered these conglomerates and their subsidiaries multiple times.

Feb 25, 2025 · In the tapestry of modern economic development, few phenomena are as intriguing and influential as the chaebol—large, family-controlled conglomerates that have come to define South Korea’s economic landscape.