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Chaebol
A form of large business in South Korea, a conglomerate consisting of many companies centred around a parent company. They are family controlled and have strong ties to government. They are similar to the keiretsu of Japan, except that the chaebol do not own banks.
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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