Chaebol
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A chaebol (Korean: 재벌; [tɕɛbʌɭ] ) is a type of large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.