What does Korean chaebol mean?

South Korean chaebol exists in the Korean economy in the form of large enterprise groups, and the Korean economy is the economic form dominated by chaebol.

South Korea's chaebol is controlled by the founder and his family members. South Korea's family chaebol emphasize cross-shareholding. According to the analysis of historical time, the direct shareholding of family chaebols declined much faster than the indirect shareholding.

South Korea's family chaebol has a considerable number of subsidiaries. Generally speaking, the more subsidiaries, the stronger the control of the chaebol and the more obvious the family characteristics.