chaebol
📖 Definitions
noun
A large conglomerate of businesses, tightly controlled by a person or a family.
💬 Usage Examples
“A chaebol of some two dozen oligarchs ... lorded over Armenia’s privatization, rendering it into the most monopolized economy in the former USSR.” Alexander Clapp; Prisoner of the Caucasus; The National Interest (Washington, DC); Mar/Apr 2017. “If there were true states’ rights in this country, California wouldn’t have to shell out for farm subsidies to Iowa, welfare to Kentucky, or security expenses for the Trump family chaebol.” Liz Roth; Federal, State Taxes: Who Supports Whom?; The Wall Street Journal (New York); Jun 8, 2017.