chaebol |
Definition
Korean term for a large conglomerate formed by cross-ownership and often under one family's control; equivalent to Japanese zaibatsu. Chaebols dominate Korean economy and account for about 90 percent of its gross national product (GNP).
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chaebol is in the Banking, Commerce & Finance and Entrepreneurship, Management, & Leadership subjects.
chaebol appears in the definition of the following term: consortia
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