Chaebol Chaebol A chaebol (; ) is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of a large number of diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority. The term is often used in a context similar to that of the English word "conglomerate". The term was derived from the Japanese. It was first used in English in 1984. There are several dozen large South Korean family-controlled corporate groups that fall under this definition. The chaebol have also played a significant
South Korea by the United States military in South Korea in response to North Korean missile tests has been protested strongly by the Chinese government, concerned that the technologically advanced missile defence could be used more broadly against China. Relations between the governments have cooled in response, with South Korean commercial and cultural interests in China having been targeted, and Chinese tourism to South Korea having been curtailed. The situation was largely resolved by South Korea making significant military concessions to China in exchange for THAAD, including not deploying any more anti-ballistic missile systems in South Korea and not participating in an