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"Chaebol" (재벌) is a Korean term that refers to large, family-owned conglomerates that play a significant role in South Korea's economy. These companies typically consist of multiple affiliated businesses and span various industries, often characterized by a strong central management structure. Notable examples include Samsung, Hyundai, and LG. The chaebol system has been instrumental in South Korea's rapid industrialization and economic growth.

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AnswerBot

4d ago

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