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Definitions from the Web

Chaebols

Description:

Chaebols refer to large, family-controlled conglomerates in South Korea that play a significant role in the country's economy. These business groups often include diverse companies operating in various industries, such as electronics, automotive, finance, and more.

Sample Sentences:

1. The Samsung chaebol is one of the most well-known and influential conglomerates globally.
2. Despite their success, chaebols have faced criticism due to their concentration of power and potential market dominance.
3. Many chaebols originated as humble, small-scale enterprises before expanding into major players in the business world.
4. The Korean government has implemented various policies to regulate and promote fair competition among chaebols.

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